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India

Temasek, Singapore to invest INR 12 billion in Mahindra Electric Automobile

On August 3, Mahindra & Mahindra Limited and Temasek, a Singapore-headquartered global investment firm, executed a binding agreement for Temasek to invest INR 12 billion into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest in the form of comp....

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