CHENNAI: Singapore-based asset manager Temasek will invest Rs 1,200 crore in Mahindra & Mahindra’s four-wheeler passenger electric company.<\/p>\n
M&M and Temasek have signed an agreement under which the latter will route the investment in Mahindra Electric Automobile (MEAL) in the form of compulsorily convertible preference shares (CCPS) at a valuation of up to Rs 80,580 crore or just under $10 billion. The investment will result in Temasek’s ownership of a 1.49-2.97% stake in MEAL. <\/p>\n
Temasek will join British International Investments (BII) as an investor in MEAL. With this investment, Mahindra’s EV subsidiary’s valuation goes up by 15% to Rs 80,580 crore from Rs 70,070 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"
CHENNAI: Singapore-based asset manager Temasek will invest Rs 1,200 crore in Mahindra & Mahindra’s four-wheeler passenger electric company. M&M and Temasek have signed an agreement under which the latter will route the investment in Mahindra Electric Automobile (MEAL) in the form of compulsorily convertible preference shares (CCPS) at a valuation of up to Rs 80,580 crore or just under $10 billion. The investment will result in Temasek’s ownership of a 1.49-2.97% stake in MEAL. Temasek will join British International Investments (BII) as an investor in MEAL. With this investment, Mahindra’s EV subsidiary’s valuation goes up by 15% to Rs 80,580 […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-595831","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=595831"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595831\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=595831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=595831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=595831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}