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Mahindra picks 36.63% stake in Meru, gets right to appoint majority of directors
December 5, 2019 | By Livemint.com
business
Mahindra said it 'has invested an amount of ₹44.71 crore for the acquisition of 36.63% of the equity share capital of Meru.In Sept Mahindra had announced signing of a share subscription, shareholder agreement for subscribing up to 55% of equity share capital…
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NEW DELHI : Mahindra & Mahindra (M&M), homegrown utility vehicles major, on Thursday said it has completed acquisition of 36.63% stake in Meru Travel Solutions in the first tranche as part of its 201.5-crore deal to acquire 55% shareholding in the ra
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