The company has completed the sale of shares amounting to a 10.4% stake in Wheels India -- one of the world's largest makers of steel wheels -- in on-market trades.
That cuts Titan's indirect holdings to about 23.8% from 34.2%.
Titan will use proceeds to pay down outstanding indebtedness.
Now read: Lear: The Updated Valuation Article »
Subscribe for full text news in your inbox