<p>The shares were sold to various groups of investors, including Tata Sons and Citi Group through the capital market.<br /><br />“Tata Motors’ share price has risen significantly especially last year, so Daimler will receive a substantial cash inflow of approximately €300 million from the sale of its shares,” Daimler said.<br /><br />However, according to information available on Bombay Stock Exchange (BSE), Daimler sold 2.56 crore shares of Tata Motors at a price of Rs 751.67 a piece fetching Rs 1,924.01 crore. The transaction will have a positive effect on Daimler’s pre tax earnings at about €265 million (about Rs 1,638.89 crore).</p>
<p>The shares were sold to various groups of investors, including Tata Sons and Citi Group through the capital market.<br /><br />“Tata Motors’ share price has risen significantly especially last year, so Daimler will receive a substantial cash inflow of approximately €300 million from the sale of its shares,” Daimler said.<br /><br />However, according to information available on Bombay Stock Exchange (BSE), Daimler sold 2.56 crore shares of Tata Motors at a price of Rs 751.67 a piece fetching Rs 1,924.01 crore. The transaction will have a positive effect on Daimler’s pre tax earnings at about €265 million (about Rs 1,638.89 crore).</p>