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INDIA: Sumitomo to acquire stake in Mazda commercial vehicle maker

Japan's Sumitomo Corp. plans to acquire 15.62% of Indian commercial vehicle maker Swaraj Mazda Ltd. from Mazda Motor Corp., Reuters reported, citing the National Stock Exchange.

August 11, 2005

Japan’s Sumitomo Corp. plans to acquire 15.62% of Indian commercial vehicle maker Swaraj Mazda Ltd. from Mazda Motor Corp., Reuters reported, citing the National Stock Exchange.

This would take its stake to 41.03%, the report added.

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INDIA: Sumitomo to acquire stake in Mazda commercial vehicle maker