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December 30,2024

BII and M&M final adjustment in Mahindra Electric to be INR 650 cr

British International Investment Plc. and Mahindra and Mahindra have revised its final investment plans from INR 725 cr to INR 650 cr in Mahindra Electric Automobile Limited (MEAL) and the investment is anticipated to be completed by 31st March, 2025. This will make total investment done by BII Group in Mahindra Electric to be INR 1,850 cr and share holding of 4.

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