Mahindra & Mahindra to buy 55% of India's PE-backed Meru
Indian automotive conglomerate Mahindra & Mahindra has agreed to acquire an up to 55% stake in Meru Cab, a technology-enabled taxi company backed by True North.
Mahindra will subscribe to newly issued shares across several tranches for a total consideration of up to INR1 billion ($14 million), according to a regulatory filing, with the first installment to be...
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