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Sajjan Jindal likely to acquire up to 48% in MG Motor India, make it an Indian company

one year ago Auto economictimes
According to the broad contours agreed upon so far, Jindal is likely to own 45-48% of MG Motor India, with dealers and Indian employees owning 5-8%. SAIC will hold the rest, said multiple sources aware of ongoing discussions. The plan will lead to a minimum 51% of the equity being in Indian hands, with the Chinese becoming a minority partner with a maximum 49%. Read more at: economictimes

Tags : mg motor india tata motors volkswagen sajjan jindal jsw parth jsw energy tata motors gloster jsw steel saic

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