Mahindra will soon get about two thousand crore rupees due to this, know what is the whole matter
[ad_1]
Paying attention to these assets
According to sources, the enterprise value of the portfolio is around $1 billion. APG, IFC and AIIB are currently focusing more on assets that are part of InvITs. It is being told that this deal can be completed in the next two to three months. Local investors can invest in it later. Bringing a new investor on board will help the InvIT meet the norms that require the InvIT to have at least five shareholders.
Disturbances in Mahindra vehicles, the company recalled more than 1 lakh cars, know which model had the problem
30% stake in Mahindra Susten
Currently, Canadian fund Ontario Teachers’ Pension Plan Board (OTPP) holds about 30% stake in Mahindra Susten, which was acquired in September 2022 for ₹2,371 crore ($300 million). OTPP will hold Mahindra Sustain’s stake as well as stake in the InvIT. However, Mahindra Group and AIIB have not yet answered questions about this. APG and IFC have also declined to comment.
[ad_2]
Source link
