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India

Tata Motors to sell its defense and aerospace portfolio

May 04, 2018

On May 3, Tata Motors Ltd (TML) announced that its Board has approved the sale of its defense business to Group entity Tata Advanced Systems Limited (TASL). This will not include the pure civilian vehicles which will continue to be with TML.
TML will receive an upfront consideration of INR one billion, adjusted for....

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