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M&M puts in over $60M to raise stake in Mahindra Two Wheelers to 93%

By Diksha Dutta

  • 23 Jul 2013
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M&M puts in over $60M to raise stake in Mahindra Two Wheelers to 93%

Mahindra & Mahindra Ltd (M&M) has injected Rs 340 crore more to raise its stake in the two-wheeler venture Mahindra Two Wheelers Ltd – a joint venture between Firodias-promoted Kinetic Motor Co Ltd and M&M. Mahindras acquired a majority stake in the JV in which Kinetic transferred its two-wheeler manufacturing ......

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