Ssangyong shares soars on acquistion by M&M: report

India Infoline News Service | Mumbai |

M&M has signed an initial agreement to buy stake in Ssangyong

Mahindra & Mahindra Ltd. has signed an initial agreement to buy a majority stake in South Korea's Ssangyong Motor Co. to enhance its technological know-how and expand its product range in the sports-utility-vehicle segment. Mahindra, will conduct a due diligence of the South Korean company's business before finalizing a definitive agreement. Shares of Ssangyong Motor Co. soars 12.8% in Seoul trading.


BSE 1,315.20 [1.65] ([0.13]%)
NSE 1,315.95 [1.20] ([0.09]%)

***Note: This is a NSE Chart

 

Advertisements

  • FREE Demat A/c + Rs.2000 Cashback ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.