The final tranche of BII's investment would be ₹650 crore, as against the planned investment of ₹725 crore, taking the total to ₹1,850 crore, as against ₹1,925 crore planned previously in Mahindra Electric Automobile (MEAL).
BII Group will have a revised shareholding ranging from 2.64% to 4.58% of the share capital of MEAL, on a fully diluted basis, as against the earlier planned dilution of 2.75% to 4.76%, M&M announced on Monday. M&M, however, did not specify the reason behind the change.
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