
Indian tractor company seeks private equity investors
Indian tractor maker International Tractors (ITL) is reportedly in talks with global private equity investors to sell a 10% stake in itself for up to INR5 billion ($103 million).
L.D. Mittal, the chairman of Sonalika Group, a division of ITL, told The Business Standard that discussions are underway with three or four private equity firms. At present, 82% of the company is owned...
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