The board of M&M, India’s largest utility vehicle major, recently approved raising of additional resources through a private placement to outside investors for the first time in its 62-year history. “This innovative structure is great for Mahindra as not only has it got a good price but also flexibility on the use of funds as it is a rupee-based equity structure,” ED Arun Nanda said.
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Courtesy: economictimes.indiatimes.com
Archive for May 4th, 2008
Goldman Sachs to pay Rs 700 cr for 3.7% stake in Mahindras
Published May 4th, 2008 in Mahendra&Mahendra. 0 CommentsRupert Stadler told Welt am Sonntag in an interview published on Sunday that he saw great opportunities in electric cars and expected diesel and battery technology to dominate in the coming five to ten years.
“By then we will offer cars without exhaust emissions,” Stadler said. More
Courtesy: indiacar.net
