ADV to buy heavy vehicles unit from India's Tata
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).
According to a regulatory filing, the transaction will see ADV purchase 100% stakes in both DLT, which is valued at INR300 million, and Tata International DLT (TIDLT), a joint venture between Tata and...
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