JSW in talks to buy out PE Everstone’s 8% in MG India
Posted on by
JSW Group is in advanced negotiations to buy Everstone Capital’s 8% stake in MG India, potentially increasing JSW’s stake to 43%. Currently, Everstone Capital holds 8%, while JSW Group owns 35%. MG India’s Chinese parent SAIC owns 49% of the company. The valuation of the 8% stake could be Rs 1,000-1,200 crore.
Tata Motors’s ‘micro SUV’ Punch topped India’s car sales from January to July 2024, selling over 1,26,000 units. The Punch has benefited from its new […]
Swiggy has introduced Bolt, a 10-minute meal and beverage delivery service, in key locations including Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore. By partnering with […]
