India's largest utility vehicles and tractor maker Mahindra & Mahindra said it would buy a 55.2 % stake in Reva Electric Car Company.
Mahindra stated that it will buy shares from the founders of Reva. Additionally it will invest in fresh equity worth INR 45 crores.
Reva had said earlier
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Wednesday, May 26, 2010
Mahindra to buy 55pct stake in Reva Electric Car Company
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