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7 hours ago

KKR Eyes $400 Million Investment in JSW MG Motor’s Expanding EV Business

JSW MG Motor India is in talks with KKR for an investment of up to $400 million, combining fresh equity and a secondary stake sale by SAIC Motor. The deal values the joint venture at $3 billion, double its valuation in three years. JSW plans to become the largest shareholder while accelerating EV expansion, new product launches, and capacity growth.

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