M&M to invest Rs 3,000 crore in Korean Arm SsangYong

The company’s December quarter show took a hit after subsidiary logged its highest-ever loss in 2019. The company estimates that a full recovery of SsangYong will cost Rs 2,700-3,000 crore and that the funding will be secured by end of March. Of this, about 200 billion won will be for servicing older loans.

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