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M&M drives with Q2 PAT of Rs 3,451 88 cr

M&M drives with Q2 PAT of Rs 3,451 88 cr
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Mahindra Last Mile Mobility sees INR 300 crore investment from IFC, ET Auto

Mahindra Last Mile Mobility: IFC s valuation of MLMML stands at INR 6020 crore. In March 2023, IFC had committed to invest INR 600 Crore (in one or more tranches), in a new company housing the last mile mobility division of the Mahindra Group.

M&M share price: Mahindra Last Mile Mobility receives the first tranche of Rs 300 crore from IFCI

Mahindra and Mahindra has received the first installment of ₹300 crore from the International Finance Corporation (IFC) for its electric vehicle division. The IFC had committed to investing ₹600 crore in the division, which is the first investment in an EV maker in India by the IFC.

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