India’s Mahindra Buys Pininfarina for $185 Million

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Indian conglomerate Mahindra Group has purchased 76.06 percent stake in Italian automobile design firm Pininfarnia in a deal worth $185 million. The investment is a joint-venture between Tech Mahindra and Mahindra & Mahindra- both subsidiaries of the Mahindra Group. The two companies are paying $1.2 for each share of Pininfarnia which means they will pay

India’s Mahindra Buys Pininfarina for $185 Million

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