# Canyon Point to acquire Tata International DLT for Rs 305 crore

Tata International and TRF Limited have signed definitive agreements to sell their stakes in Tata International DLT and Dutch Lanka Trailer Manufacturers to Canyon Point Investment Holdings for a combined Rs 305 crore.

- Type: Acquisition
- Announced: 2019-05-17
- Where: Mumbai, India
- Value: $44.0M (3.05B INR)
- Status: announced
- Products: trailers, semi-trailers, tippers, vehicle carriers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tata International](https://endata.com/companies/39645.md)
- [TRF Limited](https://endata.com/companies/39646.md)
- [Canyon Point Investment Holdings](https://endata.com/companies/39647.md) (acquirer)
- [Dutch Lanka Trailer Manufacturers](https://endata.com/companies/39648.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/lcv-hcv/tata-international-exits-trailer-manufacturing-biz-by-selling-its-arm-to-canyon-point-for-rs-305-cr/articleshow/69379588.cms), 2019-05-17: "The total deal value of both the transactions put together is Rs. 305 crore, subject to adjustment of actual debt in DLTM."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.