Global cos eyeing SsangYong stake as Mahindra looking to scale down role in loss-making biz

​​Mahindra acquired a bankrupt SsangYong in 2010. Mahindra hasn’t been able to turn it around despite several attempts. Its board moved a special resolution at its annual general meeting on Friday to reduce shareholding in SsangYong to less than 50% in one shot or in phases, paving the way for a new investor.

from Auto-Industry-Economic Times https://ift.tt/3kB7Bnp