Sunday, September 1, 2019

Mahindra Mahindra to acquire 55% stake in Meru Travel for about Rs 201.5cr in all-cash deal

Mahindra Mahindra to acquire 55% stake in Meru Travel for about Rs 201.5cr in all-cash deal Under the agreement, after investment of the first tranche in Meru, MM will have the right to appoint majority of the directors on the board of Meru and will control its composition, it added.

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