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BII to Invest Rs 6.5 Billion in Mahindra & Mahindra
ECONOMY & POLICY

BII to Invest Rs 6.5 Billion in Mahindra & Mahindra

British International Investment (BII) has revised its investment in Mahindra Electric Automobile, a subsidiary of Mahindra & Mahindra, from Rs 7.25 billion ($84.74 million) to Rs 6.5 billion ($75.98 million).

This final tranche of investment is expected to be completed by March 31, 2025, bringing BII’s total investment in Mahindra Electric to Rs 18.5 billion ($216.28 million), resulting in a shareholding of 2.64% to 4.58% on a fully diluted basis.

BII has already invested Rs 12 billion ($140.27 million) in the company. Mahindra confirmed that the change in investment will not affect Mahindra Electric’s business plan or strategic objectives.

Mahindra plans to invest Rs 120 billion ($1.43 billion) in Mahindra Electric by 2027, with expectations to generate sufficient operating cash from the auto division to fund capital needs without additional external financing.

British International Investment (BII) has revised its investment in Mahindra Electric Automobile, a subsidiary of Mahindra & Mahindra, from Rs 7.25 billion ($84.74 million) to Rs 6.5 billion ($75.98 million). This final tranche of investment is expected to be completed by March 31, 2025, bringing BII’s total investment in Mahindra Electric to Rs 18.5 billion ($216.28 million), resulting in a shareholding of 2.64% to 4.58% on a fully diluted basis. BII has already invested Rs 12 billion ($140.27 million) in the company. Mahindra confirmed that the change in investment will not affect Mahindra Electric’s business plan or strategic objectives. Mahindra plans to invest Rs 120 billion ($1.43 billion) in Mahindra Electric by 2027, with expectations to generate sufficient operating cash from the auto division to fund capital needs without additional external financing.

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