Mahindra to invest in SsangYong’s plan to increase capital by Rs 400 crore

February 14, 2013: Following a Board of Directors’ meeting today, the Mahindra Group-owned Ssangyong Motor has announced its approval for a paid-in capital increase of KRW 80 billion (Rs 397.886 crore) to raise investment funds.

14 Feb 2013 | 2794 Views | By Autocar Pro News Desk

February 14, 2013: Following a Board of Directors’ meeting today, the Mahindra Group-owned Ssangyong Motor has announced its approval for a paid-in capital increase of KRW 80 billion (Rs 397.886 crore) to raise investment funds.

The company will issue 14,545,455 new shares through third-party allotment, increasing the company’s paid-in capital ...

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