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Mahindra, India to invest INR 6.3 billion in Mahindra Electric Automobile
On January 11, Mahindra & Mahindra announced that its board approved the investment in the equity shares of MEAL (Mahindra Electric Automobile Limited), up to an amount not exceeding Rs. 6.3 billion by way of subscription to the rights issue of equity shares of MEAL. The proceeds shall be utilized by MEAL to meet its....
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