INDIA: Hinduja ends Iveco partnership
India's Hinduja Group has acquired Iveco's 30% stake in Machen Iveco Holding which, through its wholly-owned subsidiary LRLIH Ltd UK, has approximately a 51% shareholding in Ashok Leyland and 59% in Ennore Foundries, ending a partnership that dates back to the 1987 Hinduja/Iveco acquisition of LRLIH from the UK's Rover Group.
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