According to a summary of the offer sighted by theedgemarkets.com, the price range is set between RM5.10 and RM5.28 per share for the book-building that opened on Wednesday and closed the same night. The price range represents a discount of up to 3.4% to the stock's closing price of RM5.28 on the day.
On 23 April 2012, Tata Motors and DRB-HICOM Defence Technologies Sdn Bhd (DEFTECH), a wholly-owned subsidiary of DRB-HICOM Berhad, Malaysia, signed a cooperation agreement to enable both DEFTECH and Tata Motors to develop, promote and market Tata Motors' high mobility 4x4 trucks with payloads ranging from 2.5 tonnes to 5 tonnes for the Armed.
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