Agreement with investor for SsangYong likely to happen next week: Mahindra & Mahindra
Currently Mahindra & Mahindra owns 75 percent equity stake in SsangYong. Going forward, the company will cease to be a major stakeholder by the end FY20-21. January 01, 2021 / 02:16 PM IST
Mahindra & Mahindra has said that it hoped to conclude an agreement with investor for SsangYong next week. The company has also said that it is optimistic that a buyer would come on board.
Mahindra & Mahindra has said that there are about two months left to conclude the deal. The announcement comes as Mahindra s plans for becoming a global SUV maker hit a rocky patch with SsangYong filing for bankruptcy.
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