The M&M stocks kept a steady pace in intraday trade on July 8, as the market reacted to British International Investment’s strategic investment. In required convertible securities having a maximum market value of $17.7 billion, BII will invest up to Rs 1,925 crore.
In order to house its electric four-wheeler passenger car business, the corporation is establishing a completely owned subsidiary (EVCo). A total capital inflow of roughly $1 billion is anticipated for the new arm between FY24 and FY27.
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