JSW MG Motor: As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor India for a total of 35.77 billion Indian rupee (USD 429.4 million).
It involves the initial purchase of a minority stake by JSW Group, with a firm plan to secure a majority stake in the automaker over time. MG Motor India is expected to be valued at $1.2-1.5 billion, the report added.