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GET FREE AUTO ALERTS Major buyers of the stake that was sold by Daimler in Tata motors emerged as Tata sons, as well as the Mauritius wing of Citigroup. They bought from the 5.34 % stake, which was sold by Daimler.
The German auto giant said that it finds an excellent opportunity to capitalize on its sale in Indian auto market. They also felt that the partnership with Tata is no longer required to continue in the Indian auto market.
Daimler also added the decision was transparent, and both companies are happy with the way things are going and they still maintain a good relation with Tata motors.
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