1. International

  2. Market

  3. Market

Ssangyong shares soars on acquistion by M&M: report

India Infoline News Service | Mumbai | September 03, 2010 13:17 IST

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 1,265.15 4.45(0.35%)
NSE 1,263.70 3.05(0.24%)
As on: 01 Jan 70, 05:30

***Note: This is a BSE Chart


Recent Reports