Login To Trade  |  About IIFL
  • NIFTY  7717  -68.85 -0.88%
  • SENSEX 25453.56  -242.88 -0.95%

M&M completes buyout of Navistar stake in JVs

India Infoline News Service | Mumbai | February 13, 2013 10:39 IST

NA

Mahindra & Mahindra Ltd has reportedly completed the buyout of Navistar Group's stake in the two joint ventures, Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).


Pawan Goenka,M&M president - automotive and farm equipment was quoted as saying,"Mahindra remains committed to growing its presence in the Indian commercial vehicle industry with Mahindra's truck and engine businesses continuing to play a critical role in helping us achieve this goal."


M&M has bought the remaining 49-per cent stake in the joint venture with US-based Navistar International Corp, reports added.


BSE 1,134.95 [41.85] ([3.56]%)
NSE 1,134.55 [42.65] ([3.62]%)

***Note: This is a NSE Chart


Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!

Read more on: Mahindra  &  Mahindra  Ltd,Mahindra  Navistar  Automotives  Lt 
article
113110713899
M&M completes buyout of Navistar stake in JVs
M&M completes buyout of Navistar stake in JVs
NA
http://www.indiainfoline.com/article/news-corporate/m-m-completes-buyout-of-navistar-stake-in-jvs-113110713899_1.html
February 13, 2013 10:39 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
Mahindra & Mahindra Ltd,Mahindra Navistar Automotives Ltd
Others
$rawVideoFileUrl$
$videoPlayerUrl$
News
Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.