Indian vehicle manufacturer Hindustan Motors plans to spend up to Rs1.6bn (US$35.89m) to buy more shares of subsidiary company HM Export. In a filing with the National Stock Exchange of India (NSE), the company said it intended to fund this acquisition by selling shares of another subsidiary, Avtec, Reuters said. HM Subscribe to Automotive World … Continued
Indian vehicle manufacturer Hindustan Motors plans to spend up to Rs1.6bn (US$35.89m) to buy more shares of subsidiary company HM Export.
In a filing with the National Stock Exchange of India (NSE), the company said it intended to fund this acquisition by selling shares of another subsidiary, Avtec, Reuters said. HM
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https://www.automotiveworld.com/articles/84363-india-hm-to-increase-stake-in-subsidiary/
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