Mahindra acquires 36.6% shares of Meru for shared mobility space

On December 5, Mahindra & Mahindra acquired 36.63% of the equity share capital of Meru Travel Solutions Private Limited (Meru) for INR 447.1 million, in the first tranche of investment, and also the right to appoint majority of the directors on the board of Meru.
Meru has become a subsidiary of Mahindra & Mahindra wi....

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