India's Hinduja Group eyes stake in Valeo - report

Newswire

MUMBAI, March 31 (Reuters) - India's Hinduja Group is in talks to buy a controlling stake in French auto parts maker Valeo in a deal that is expected to be worth about $1.5 billion, the Business Standard said on Monday, citing a source. Executives from Hinduja, which controls India's No. 2 bus and truck maker, Ashok Leyland Ltd , met the top team at Valeo in Paris last week, the paper cited a source familiar with the development as saying. "The deal will provide immense synergy for Ashok ...

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