Japan's Sumitomo to raise stake in Indian truck firm


MUMBAI, Dec 30 (Reuters) - Japan's Sumitomo Corp on Tuesday agreed to raise its stake in Indian truck maker Swaraj Mazda to 53.52 percent. The Japanese firm will buy a 14.04 percent stake from Punjab Tractors , an unit of India's top utility vehicle and tractor maker Mahindra & Mahindra Ltd , for 272 rupees a share, Swaraj Mazda said in a filing to the stock exchange. (Reporting by Narayanan Somasundaram; Editing by Charlotte Cooper)

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