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Mahindra-Embraer strike a Rs 5,100 cr deal

Mahindra & Mahindra Ltd (M&M) on Friday entered an agreement to sell a 51% equity stake in Novavaayu Aerospace Ltd (NAL), to Brazil-based Embraer SA for approximately Rs 5,100 crore.Mahindra received an intimation regarding the execution of an investment agreement with Embraer, under which the Brazilian company will acquire the 51% stake in its step-down wholly owned subsidiary NAL, it said in a regulatory filing.Also read: Embraer, Mahindra choose Nagpur for potential C-390 assembly li…

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Economic TimesLean R·1h ago
Mahindra-Embraer strike a Rs 5,100 cr deal
Mahindra & Mahindra Ltd (M&M) on Friday entered an agreement to sell a 51% equity stake in Novavaayu Aerospace Ltd (NAL), to Brazil-based Embraer SA for approximately Rs 5,100 crore.Mahindra received an intimation regarding the execution of an investment agreement with Embraer, under which the Brazilian company will acquire the 51% stake in its step-down wholly owned subsidiary NAL, it said in a regulatory filing.Also read: Embraer, Mahindra choose Nagpur for potential C-390 assembly li…
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Mahindra-Embraer strike a Rs 5,100 cr deal

How 1 sources are covering this

Mahindra-Embraer strike a Rs 5,100 cr deal

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