China's SAIC Motor is selling an additional 10% stake in its Indian car venture, JSW MG Motor, to local partner JSW Group. This move will elevate JSW to the largest shareholder, granting it greater operational control. SAIC's decision stems from India's investment curbs, hindering expansion plans despite previous stake dilution.
from Auto-Industry-Economic Times https://ift.tt/ic5z1ZG
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