UPDATE 1-CDC wins bid to buy India's Punjab Tractors

Newswire

(Adds details, quote) NEW DELHI, July 25 (Reuters) - India's northern Punjab state said on Friday it had approved the sale of its controlling stake in Punjab Tractors Ltd to Commonwealth Development Corporation, a British government-owned investment institution. The state government invited bids last December for the strategic sale of its 23.49 percent holding in India's third-largest tractor maker as part of its privatisation drive. A Punjab government official told Reuters on the ...

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