31st March 2016, 14:54
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| | Mahindra acquires 35% stake in Finland's Sampo Rosenlew (manufacturer of farm harvesters)
| New Delhi: Mahindra & Mahindra has acquired 35 per cent stake in Finland's Sampo Rosenlew for up about Rs. 135 crore, marking its foray into the combine harvester business. |
The deal is expected to close by June 30, 2016. "The acquisition of up to 35 per cent stake would be for a consideration of not exceeding 18 million euros," Mahindra & Mahindra (M&M) said in a regulatory filing today.