SsangYong rehabilitation plan approved by court
Autocar Professional|15th September 2022
Auto major Mahindra & Mahindra (M&M) in a regulatory filing has informed that the interested parties of SsangYongMotor Company (SYMC), including itself as a shareholder and unsecured creditor of the company have approved a rehabilitation plan prepared by the receiver.
SsangYong rehabilitation plan approved by court

M&M said that rehabilitation plan reflects the investment agreement between the KG consortium and SYMCpursuant to which the KG consortium will acquire the debt-ridden SYMC for 930 billion won (equivalent to approximately Rs5,523 crore) through primary equity investments in SYMC.

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