Tag: mahindra electric automobile ltd

CHENNAI: Mahindra & Mahindra's Rs 417 crore investment for a 3.53% stake in RBL Bank will not go beyond the permissible 9.9% stake at any point and will stay at 3.5% "till we see compelling value in increasing it in the future within the permissible limit," said Mahindra Group CEO & MD Anish Shah. "We have no intention of getting into a bank at this point and we do not expect to go higher (than 3.53%) either. At this level, we are the third largest shareholder and this...