Question
Which automobile company recently acquire an additional
17.41 percent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore?Solution
Acquisition-Mahindra & Mahindra(M&M) Ltd will acquire an additional 17.41 percent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 percent from 34.72 percent. Mahindra & Mahindra Headquarters: Mumbai CEO: Anish Shah
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