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Mahindra & Mahindra (M&M) has revised the terms of its investment agreement with the British International Investment (BII) Group regarding Mahindra Electric. The funding amount has been adjusted to ₹650 crore from an earlier figure of ₹725 crore. This investment is part of a total commitment by BII Group of ₹1,850 crore, which will result in a shareholding range of 2.64% to 4.58% in Mahindra Electric. The final tranche of this funding is expected to be completed by March 31, 2024.
Mahindra & Mahindra and the UK government’s BII have revised the terms of the financial tranche of BII’s funding in Mahindra Electric Automobile Ltd to Rs 650 crore from the previously planned Rs 725 crore. The investment will be completed by March 31.
M&M and BII revise final investment tranche in Mahindra Electric to ₹650 crore @ViekDubey https://t.co/C4hj3YRcTC
Nieuwe Amerikaanse overname voor Belgische miljardengroep SMT https://t.co/5C7UwoCgJ2 https://t.co/dZvygRJIR9
