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Mahindra Talking to Investor to Offload Majority Ssangyong Stake Bloomberg 1/1/2021 © Bloomberg Mahindra & Mahindra Ltd. SUV production in Maharashtra, India. (Bloomberg) Mahindra & Mahindra Ltd. is in discussions with an investor for selling a majority stake in Ssangyong Motor Co. as India’s largest SUV maker reassesses its investments amid the pandemic. Popular Searches Mahindra will hold 30% or less in Ssangyong if the deal goes through and will also do a 25% capital reduction, Pawan Goenka, managing director of the Indian automaker said at a briefing Friday. It expects to sign the term sheet next week and will conclude the transaction by Feb. 28, he said. The company had purchased 70% stake in Ssangyong for $368 million in 2010.

Rajesh jejurikarPawan goenkaMahindra ltdFord motor coBloomberg mahindra ltdSsangyong motor coBloomberg mahindraSsangyong motorFord motorExecutive director rajeshபவன் கொெந்க்மஹிந்திரா லிமிடெட்ஃபோர்ட் மோட்டார் இணைப்ளூம்பெர்க் மஹிந்திரா லிமிடெட்ஸ்சங்கியோங் மோட்டார் இணைப்ளூம்பெர்க் மஹிந்திரா