BII to Make Final Tranche of Investment in M&M's EV Arm
Hindustan Times East UP|December 31, 2024
Automaker Mahindra & Mahindra Ltd on Monday said British International Investment Plc will make a final tranche investment of ₹650 crore, as against earlier planned investment of ₹725 crore, in its electric vehicles arm.
Press Trust of India

NEW DELHI:

Earlier this year in May, the company had intimated that it and British International Investment Plc (BII) have mutually agreed to extend the timeframe for the final tranche of BII's planned investment of ₹725 crore in Mahindra Electric Automobile Ltd (MEAL) and would jointly assess whether additional investment is required by December 31, 2024, M&M said in a regulatory filing.

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