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Setback for M&M plan to divest loss-making subsidiaries as SsangYong deal terminated
Financial Express Mumbai
|April 08, 2022
M&M had ceased consolidating SYMC and its subsidiaries in the consolidated financial results from December 28, 2020, and had classified it as discontinued operations
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MAHINDRA & MAHINDRA'S (M&M) efforts to divest its loss-making and debt-laden subsidiaries have been met with a setback. The company informed exchanges on Thursday that the deal to sell SsangYong Motor Co (SYMC) to South Korean electric bus maker Edison Motors Co was terminated.
Diese Geschichte stammt aus der April 08, 2022-Ausgabe von Financial Express Mumbai.
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