MUMBAI – Sumitomo Corp. of Japan has won the first and possibly final round of a 6-month convoluted fight for control of Swaraj Mazda Ltd. India, which builds both medium and light commercial vehicles in India. However, a group of U.K. and offshore private equity funds led by Actis Capital LLP, is not giving up. Actis reportedly has resources of more than $2.8 billion to throw at its quest for Swaraj Mazda's acquisition. Swaraj Mazda Prestige Swaraj Mazda started out in 1983 as a ...

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