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India Business News: Mahindra & Mahindra on Friday said CP Gurnani has resigned as the non-executive non-independent director of the company with effect from December 20, ....
Dr Anish Shah appointed Mahindra & Mahindra MD and CEO autocarindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autocarindia.com Daily Mail and Mail on Sunday newspapers.
Ssangyong Motor Co (SYMC), the South Korean subsidiary of Mahindra & Mahindra (M&M), has missed a repayment of Rs 480 crore (60 billion Korean Won or KRW) to JPMorgan Chase Bank, South Korea, which was due on December 14, M&M said in a stock exchange notification on Tuesday. The company also added that it would act as a creditor to SYMC. The South Korea-listed firm has been battered by the pandemic, with outstanding loans aggregating 100 billion KRW (approximately Rs 680 crore). Besides JPMorgan, the loan also includes 10 billion KRW (approximately Rs 68 crore) from BNP Paribas and 30 billion KRW (Rs 204 crore) from Bank of America. ....