M&M seeks up to $1.3 bn capital raise for EV arm

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Credit: 123RF.com

Mahindra & Mahindra Ltd is in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit, people familiar with the development said, adding the move is aimed at accelerating the expansion plans of its newly formed subsidiary, EV Co.  Mahindra is likely to ......

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