MG Motor India to dilute majority stake, set up new plant in Guj

MG Motor India on Wednesday announced plans to offer majority stake to local partners over the next 2-4 years. The company aims to raise over ₹5,000 crore through the stake sale and will invest some of the amount to set up its second plant in Gujarat, MD Rajeev Chaba said. It also plans for an initial public offering by 2028.