MUMBAI (Reuters) - Global truck maker Volvo is looking to sell $250 million worth of shares in Eicher Motors, with an option to increase the sale to up to $300 million, according to a term sheet seen by Reuters on Tuesday.
The shares sale is happening at an indicative range of 14,636-15,907 rupees per share, according to the document.
Eicher shares closed down 3.2 percent at 15,907.95 rupees on Tuesday, ahead of the sale.
Volvo currently owns an 8.4 percent stake in the company via unit Aktiebolaget Volvo, BSE data shows.
(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)
