Login To Trade  |  About IIFL
  • NIFTY  8543.05  10.2 0.12%
  • SENSEX 28187.06  72.5 0.26%
  1. General
  2. Others

  3. Others

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 1,333.80 [27.80] ([2.04]%)
NSE 1,337.90 [25.70] ([1.88]%)

***Note: This is a NSE Chart


Turn your smartphone into a powerful mobile trading platform - Know more!!!

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
$rawVideoFileUrl$
$videoPlayerUrl$
Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

News