Daimler sells stake in India's Tata Motors -source

MUMBAI, March 9 (Reuters) - German carmaker Daimler (DAIGn.DE) sold its stake in India's Tata Motors (TAMO.BO) through block deals of more than 24 million shares, one source with direct knowledge of the transaction said.

The deals on the Bombay Stock Exchange on Tuesday were done at a weighted average price of 758.45 rupees ($16.7) a share, data from the exchange showed.

On Monday, sources had told Reuters Daimler was selling its entire 5.34 percent stake in Tata Motors for up to $429 million. [ID:nSGE6270G8] ($1 = 45.5 rupees) (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)