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Canyon buys Tata International DLT, DLTM for Rs 305 cr

IANS  |  Mumbai 

and Trailer Manufacturers(DLTM) have executed definitive documents to sell their 50-50 joint venture (DLT) to

Singhi Advisors said in a parallel transaction TRF Limited, through its affiliate, has also executed definitive documents to sell its 100 per cent stake in to Canyon Point. TRF Limted is a part of the of

Singhi Advisors acted as the sole to Tata International and TRF for these divestments.

The total deal value of both the transactions put together is Rs 305 crore, subject to adjustment of actual debt in DLTM, the company said in a statement to exchanges late Friday evening.

Tata DLT's product portfolio comprises of a wide range of trailers, semi-trailers, tippers and vehicle carriers. DLTM, together with its subsidiaries, designs and manufactures trailers and semi-trailers for transport and --IANS


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 18 2019. 21:10 IST