M&M rejects proposal to inject fresh equity in SsangYong, Auto News, ET Auto

M&M's board of directors has urged SYMC to find alternate sources of funding.
M&M’s board of administrators has urged SYMC to uncover alternate sources of funding.

NEW DELHI: Household-developed automaker, Mahindra & Mahindra Ltd. (M&M) Board of Administrators held a specific conference to evaluate financial investment in SsangYong Motor Firm (SYMC) and at the identical time to discuss the technique to capital allocation in gentle of the COVID 19 influence.

The request from the administration and labour union of SsangYong Motor Firm (SYMC) for a contemporary injection of equity from M&M to help the enterprise fund 500 billion KRW (USD 406M) of requirements more than the upcoming a few years, was deemed by

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