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Timken India’s foreign promoters eye 6.6% stake sale via block deals

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Timken India’s foreign promoters eye 6.6% stake sale via block deals

Foreign promoters of Timken India are likely to sell 6.6% of stakes in the company through block deals on Tuesday, according to a term sheet issued by BofA Securities India. The term sheet indicates that the floor price has been set at Rs 3,550 per share, which is a 10.2% discount to Monday’s closing price … Read more

Toyota Kirloskar Motor: Toyota Kirloskar Motor announces senior management rejig

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Toyota Kirloskar Motor: Toyota Kirloskar Motor announces senior management rejig

Toyota Kirloskar Motor on Wednesday announced senior management changes to align with the recent regional restructuring by parent company Toyota Motor Corporation integrating India into its ‘Middle East, East Asia & Oceania Region’ operations and slotting the country to act as the hub of the new geography. As part of the changes, Tadashi Asazuma, currently … Read more