Tata family

October 27, 2008 - 12:05pm

Tata Ltd., a UK-based subsidiary of India’s Tata Sons, has agreed to take a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin. The proposed investment by Tata Ltd., which was expected to receive regulatory and other approvals last month, includes the purchase of existing shares from current shareholders and a new share offering.

October 5, 2008 - 4:05pm

 India’s Tata Sons, has agreed to buy a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin.

Announced to the financial press on Thursday and at an NBAA press conference yesterday, the proposed investment by Tata Ltd., which is expected to receive regulatory and other approvals later this week, includes the purchase of existing shares from current shareholders and a new share offering.

 
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