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STUTTGART, Germany, March 9 -- Daimler today sold all of its 5.34% of the ordinary shares of Indian automotive company Tata Motors to various groups of investors through the capital market. Tata Motors' share price has risen significantly, especially last year, so Daimler will receive a substantial cash inflow of approximately euro 300 million from the sale of its shares. The transaction will have a positive effect on Daimler's EBIT of approximately euro 265 million and will be accounted for in the first quarter of 2010.

Tags: Daimler, %, equity, shares, Tata, Tata Motors

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DAIMLER SELLS EQUITY INTEREST IN TATA MOTORS was originally published by German Car Scene. Read the full story by clicking here.