M&M to raise its stake in Meru cabs from 43% to 100%

Mahindra would acquire almost 57% stake in Meru for Rs 97.69 crore. Veteran Pravin Shah, who had superannuated in March 2017, will take over as the CEO of Meru Cabs and its subsidiary companies with effect from 1 May 2021.

from Auto-Industry-Economic Times https://ift.tt/3vxGDS1