NEW DELHI: Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director said on Friday, as it looks to exit loss-making ventures amid the coronavirus pandemic.
Mahindra earlier reported a consolidated net loss of 19.55 billion rupees , compared with a net profit a year ago, as it booked a write-down on its investment in SsangYong and other international units. “If a new investor comes on board, that automatically takes our stake down, or they may even buy our stake,” Mahindra’s deputy managing director, Anish Shah said.
Anything that fails and unwanted ... Sell to Geely
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No plans to inject funds into Malaysia Airlines, says Tengku Zafrul | The Malaysian InsightFinance Ministry would know if Khazanah sought to help ailing national carrier.
Source: msianinsight - 🏆 8. / 63 Read more »
Ex-unit trust consultant in KL jailed, fined RM4m for fraud | Malay MailKUALA LUMPUR, June 13 — Former unit trust consultant Afkariah Md Noraini was sentenced to six months in jail and fined RM4 million by the Kuala Lumpur Sessions Court yesterday for defrauding four individuals involving investment worth RM50,000. The Securities Commission (SC) in a statement today... Kalau orang hitam terus gari rantai anjing macam macam, itu najib dengan geng pakai GUCCI suit pergi ke mahkahmah, babi punya undang undang , Lol... Picture and story have no correlation... Look again and see what you lot did there... 😂😂😂 Seriously? That picture?
Source: malaymail - 🏆 1. / 86 Read more »