Temasek to invest Rs 1,200 crore in Mahindra Electric
Global investment company Temasek has agreed to invest Rs 1,200 crore in Mahindra & Mahindra’s EV (Electric Vehicle) business arm Mahindra Electric Automobile Limited.
Post investment, Temasek will hold a stake in the range of 1.49-2.97 percent in the EV business. The total valuation of the deal, finalized between Mahindra Electric Automobile and Jongsong Investments Pte. Ltd., can go up to Rs 80,580 crore.
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