Mahindra subsidiary SsangYong Motor defaults, in talks with financers to rejig loans

SsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on the block but has been unable to close a deal with any potential investor. Sources in the know told ET that the defaulted loan could have a negative impact on any new investor walking in at this moment.

from Auto-Industry-Economic Times https://ift.tt/3oZYk9N