Mahindra LMM Co
Sector: Warehouse • Location: India
Source: International Finance Corporation (IFC)
The proposed transaction entails an equity investment of up to INR 6,000 million (approximately US$73 million) in the form of compulsorily convertible instruments in a proposed new wholly owned subsidiary (“Mahindra LMM” or the “Company”) of Mahindra & Mahindra Limited (“M&M” or the “Sponsor”). This subsidiary will be newly incorporated to house M&M’s last mile mobility business (LMM). Mahindra L
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed transaction entails an equity investment of up to INR 6,000 million (approximately US$73 million) in the form of compulsorily convertible instruments in a proposed new wholly owned subsidiary (“Mahindra LMM” or the “Company”) of Mahindra & Mahindra Limited (“M&M” or the “Sponsor”). This subsidiary will be newly incorporated to house M&M’s last mile mobility business (LMM). Mahindra LMM plans to incur a total capex of US$113 million over the next 3-4 years towards development and manufacturing of its portfolio. IFC will finance US$73 million which will go towards capex, working capital requirements, etc. for the electric vehicle (EV) business of LMM, by way of an equity investment in the form of compulsorily convertible instruments (the Project). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |