Reuters reported that TATA Motors has acquired the remaining 79% stake in Spain's Hipnao.
TATA which had a 21% stake in the Spanish bus and coach maker since 2005 said that it acquired the stake exercising its call option through mutual agreement with the other stake holder Investalia SA.
(Sourced http://www.steelguru.com/news/index/2009/10/21/MTE2OTc1/TATA_Motors_buys_remaining_79pct_stake_in_Hispano.html)
Tuesday, October 20, 2009
TATA Motors buys remaining 79pct stake in Hispano
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