Rechercher dans ce blog

Monday, April 24, 2023

JSW Group in talks with MG Motor India, BYD India to pick up stake - Moneycontrol

Sajjan Jindal-led conglomerate JSW Group is in talks with MG Motor India to pick up stake in the automobile company, according to sources. The steel-to-sports group is also exploring purchase of stake in BYD India, they said. In January, JSW Group Chief Financing Officer Seshagiri Rao had told PTI that the manufacturing of electric vehicles is being discussed actively at the group level. The group is looking to manufacture four-wheelers, Rao had said in reply to a question on JSW Group's plan to expand its presence into more sectors. "JSW Group is in talks with MG Motor India and BYD India. The early talks are for picking up stake. Talks are on with both the companies," the sources said. When contacted, a JSW Group spokesperson declined to comment. "As a company policy at MG Motor we do not comment on speculation," a spokesperson of the automobile company said when contacted.

Adblock test (Why?)


JSW Group in talks with MG Motor India, BYD India to pick up stake - Moneycontrol
Read More

No comments:

Post a Comment

Govt’s fiscal consolidation plan to aid private sector, boost capex revival - Moneycontrol

Finance Minister Nirmala Sitharaman The 2024 Interim budget is based on the robust framework of “Viksit Bharat by 2047.” Driving this gr...