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India

Mahindra acquires all shares of Meru, India for mobility business

On April 30, Mahindra and Mahindra Ltd. (M&M) entered into definitive agreements with shareholders of Meru Travel Solutions Private Limited (Meru) to buy their respective stakes in Meru. Meru Cabs, a ridesharing company founded in 2006 revolutionized the way people travelled in cabs by offering AC cabs at their doors....

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