Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Mahindra hikes stake in South Korean unit SsangYong to 74.65%
short by Shruti Maria Mahendar / on Wednesday, 16 January, 2019
Automobile manufacturer Mahindra & Mahindra (M&M) on Wednesday said it has increased stake in its South Korean arm SsangYong Motor to 74.65% with subscription of additional shares worth ₹316.5 crore. Prior to this, M&M held 72.46% stake in the company. The Anand Mahindra-led automaker had acquired 70% stake in SsangYong Motor for $463 million in 2011.
read more at India.com