BII revises investment in Mahindra's EV firm
Financial Express Ahmedabad|December 31, 2024
UK-BASED INVESTOR British International Investment (BII) and Mahindra & Mahindra (M&M) have mutually agreed for a downward revision of former's investment into M&M's electric vehicle making company.
- SWARAJ BAGGONKAR

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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この蚘事は Financial Express Ahmedabad の December 31, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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