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india: Sajjan Jindal likely to acquire up to 48% in MG Motor India, make it an Indian company

According to the broad contours agreed upon so far, Jindal is likely to own 45-48% of MG Motor India, with dealers and Indian employees owning 5-8%. SAIC will hold the rest, said multiple sources aware of ongoing discussions. The plan will lead to a minimum 51% of the equity being in Indian hands, with the Chinese becoming a minority partner with a maximum 49%. ....

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MG Motor India Aims To Hand Over Majority Stake To Indian Suitors In 2-4 Years

A fully-owned subsidiary of China’s SAIC Motor, MG Motor India has announced it will dilute its shares and set up a new plant in Gujarat, with an eye on firming up its long-term plans. ....

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Majority Indian owners, EVs, IPO ahead for MG

The company is expecting a major investment from an Indian partner this year, Rajeev Chaba, CEO emeritus, MG Motor India, said at a round table to discuss the company’s plans ....

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Majority Indian owners, EVs, IPO ahead for MG

Majority Indian owners, EVs, IPO ahead for MG
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MG Comet EV Production Starts in Gujarat, First Unit Rolled Out Ahead of Launch

Based on the globally acclaimed GSEV platform, MG Comet EV will be unveiled on April 19 in the Indian market ....

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