Mahindra and Mahindra, others to invest $105 mln in two-wheeler unit

Mahindra and Mahindra, others to invest 5 mln in two-wheeler unit

Indian automaker Mahindra and Mahindra said on Wednesday that the company, along with external investors, will spend 8.75 billion rupees ($105 million) in its two-wheeler unit, Classic Legends, over the next two to three years. The ‘Scorpio’ car manufacturer, will invest 5.25 billion and the remaining will come from existing shareholders and new investors, Mahindra … Read more

classic legends pvt ltd: Mahindra & Mahindra’s Classic Legends to get fund infusion of Rs 875 cr

classic legends pvt ltd: Mahindra & Mahindra’s Classic Legends to get fund infusion of Rs 875 cr

Classic Legends Pvt Ltd, a Mahindra and Mahindra subsidiary that makes iconic motorcycle brands Yezdi and Jawa among others, is set to get a fund infusion of Rs 875 crore, Mahindra said in a stock exchange filing. Of this, Mahindra has agreed to invest Rs 525 crore by way of subscription to CCPS (compulsorily convertible … Read more