Sajjan Jindal, SAIC set to drive MG Motor in India, finalises terms of agreement
The broad agreement, to be implemented in several phases, says a private company of Jindal will initially own 32-35% of MG Motor India in the first phase, with SAIC owning 51%. An Indian financial institution will own around 8% equity, while Indian dealers of MG and its local employees will own 6-7%.
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