Temasek Holdings to invest Rs 1,200 crore in Mahindra Electric, acquire up to 3% stake
Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release. This investment will result in Temasek holding 1.49-2.97% stake in Mahindra Electric Automobile. The Singapore-headquartered investment firm will invest Rs 1,200 crore in one or more tranches, M&M said.
