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Mahindra Group increase shareholding in Ssangyong Motor Company
On January 16, Mahindra Group announced that it has agreed to subscribe to 1,18,90,606 Equity Shares of Ssangyong Motor Company (SYMC) at a price of KRW 4,205 per equity share aggregating KRW 50 billion. Pursuant to the above, the shareholding of the Mahindra Group in SYMC would increase from 72.46% to 74.65%.
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