Mahindra in discussions with investor to offload majority Ssangyong stake ...Qatar

Mahindra & Mahindra Ltd is in discussions with an investor for selling a majority stake in Ssangyong Motor Co as India’s largest SUV maker reassesses its investments amid the pandemic. Mahindra will hold 30% or less in Ssangyong if the deal goes through and will also do a 25% capital reduction, Pawan Goenka, managing director of the Indian automaker said at a briefing Friday. It expects to sign the term sheet next week and will conclude the transaction by Feb. 28, he said. The company had purchased 70% stake in Ssangyong for $368mn in 2010. “Things have changed drastically in the last 12-15 months,” Goenka said. With the kind of change that’s happening in business scenario and auto industr

Read More Details
Finally We wish PressBee provided you with enough information of ( Mahindra in discussions with investor to offload majority Ssangyong stake )

Also on site :

‘She lit up the classroom’: First British victims of Air India plane crash named after 241 killed
Increased ICE detentions and deportations create climate of fear and stress
Numbrix 9 - June 13

Mahindra in discussions with investor to offload majority Ssangyong stake ...Qatar

The House Drew the Line on Green Cronyism — the Senate Better Not Cross It

Diya Chitale talks about her table tennis journey, learnings & more

Disney Star Sabrina Carpenter Strips Down for Cover

Alcohol And Cannabis Consumer Behavior Evolving

It will be a tough look for the anti-SEC crowd if the College World Series still ends in familiar fashion

Japan condemns Israeli strikes against Iran, urges restraint

Rhingo the rhino statue stars at Denargo Market

Red Wings kick off ‘Intentional Walk’ to raise money for youth baseball

Vox Media Union Reaches Agreement on Three-Year Contract

Highest-paying management jobs for people in Los Angeles

Under-resourced Starmer now faces his Middle East nightmare

40% of Stellar Blade mods are NSFW, but don't worry, we've narrowed that down to three guaranteed to raise your heart rate

GTA 5 cheats: Full list of cheat codes for Xbox, PS5, PS4 and PC

Toby Gad Shares Inspiring Music Video for Donna Summer Collab ‘Run (Piano Diaries)’

Costco blasted over policy that ‘sees loyal shoppers treated with suspicion’ & asked to prove identity ‘more than once’