Mahindra & Mahindra in talks for Rs 5,000 crore EV push from British International, others
If the discussions on Mahindra Electric Automobile do lead to a favourable conclusion, the British development financier will be making its second-round investment in the Indian conglomerate. The deal valuation is likely to be worth 10-15% more than the previous round of funding, which had valued Mahindra's EV subsidiary at ₹70,070 crore ($9.1 billion), said one of the sources.
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