Tata Motors eyes Actis stake in Swaraj Mazda-report

Newswire

MUMBAI, Nov 24 (Reuters) - Tata Motors , India's largest commercial vehicles maker, is looking at buying private equity firm Actis' stake in truck and bus maker Swaraj Mazda , the Economic Times reported on Tuesday. UK-based Actis, which owns 7.74 percent in Swaraj and another 9.28 percent through its unit CDC, is considering exit options, the newspaper said, citing unidentified people familiar with the matter. Other auto makers, including an engineering firm, are also looking at the ...

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