Japan's Suzuki Motor aid on Wednesday it will sell a 19.9 percent stake to Volkswagen for $2.5 billion and use half the proceeds to buy shares in the German automaker, as the two firms form a formidable force in the auto industry.

The proposed move to bring down government holding in State Bank of India to 51% from about 59% now could help the lender raise around Rs12,000 crore, a top SBI official said here on Friday.

Passport India Investments (Mauritius) has hiked its stake to 8.87 per cent in Take Solutions , a technology-enabled business solutions firm, through an open market transaction.