Tata Motors is planning to sell a 10-15% equity stake in subsidiary Tata Motors Finance to raise funds for reducing its debt according to two persons familiar with developement. India’s largest maker of commercial vehicles has said it will sell equity stakes in various subsidiaries as part of a plan to reduce the company’s Rs 24000 crore debt. The Stake sale in the unlisted firm may fetch Tata Motors about Rs 200 crore.
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to garner funds from market , TML may sell stakes in TMF…..But how good is this decision
will it impact the decision making of TMF…