SAIC’s MG Motor India Pvt Ltd intends to welcome Indian investors, such as JSW Ventures Singapore Pte Ltd, by transferring equity and increasing share capital.
Under the agreement, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd, will acquire a total of 35% ownership in MG Motor India for approximately ₹35.77 billion ($429.4 million).
The move aims to strengthen MG Motor India’s presence in the Indian market and minimize operational risks. By involving local investors, the company seeks to create better conditions for sustained growth and stability.
Additionally, IndoEdge India Fund will purchase 8% of MG Motor India’s shares for around ₹8.18 billion. A dealer trust will acquire a 3% stake for about ₹3.07 billion, and an employee stock ownership plan will secure a 5% stake for approximately ₹5.11 billion.”
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