Profit

M&M acquires majority stake in REVA

PUBLISHED ON: May 26, 2010 | Duration: 3 min, 03 sec

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The news NDTV Profit broke on Tuesday is now official, as India's largest utility vehicle maker, Mahindra & Mahindra (M&M) has acquired a majority stake in Reva Electric Car company. As per the new agreement, M&M will acquire 55.2% stake.
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