(Reuters) - Tata Motors , India's top vehicle maker, and local foe Mahindra & Mahindra Ltd. are expected to launch rival bids for the two famous brands, which are expected to fetch roughly $1.5 billion, several media reports have said.
Both declined comment on reports that they are in talks with investment banks and private equity firms to craft bids. A successful deal would catapult the winner into the ranks of global car makers and continue a spate of high-profile overseas acquisitions by Indian companies.
Read more at Reuters.com Mergers News
Both declined comment on reports that they are in talks with investment banks and private equity firms to craft bids. A successful deal would catapult the winner into the ranks of global car makers and continue a spate of high-profile overseas acquisitions by Indian companies.
Read more at Reuters.com Mergers News
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