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NIIF's India-Japan Fund to invest Rs 400 cr in Mahindra group firm

NIIF's India-Japan Fund to invest Rs 400 cr in Mahindra group firm
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NIIF's India-Japan Fund to Invest 400 Crore in Mahindra Last Mile Mobility Limited

Mahindra & Mahindra Ltd. (M&M) is an automotive, farm and services businesses. Mahindra & Mahindra and India-Japan Fund (IJF), a fund managed by National Investment and Infrastructure Fund Limited (NIIF) have executed a binding agreement for IJF to invest INR 400 Crore in Mahindra Last Mile Mobility Limited (MLMML), which houses M&M’s last-mile mobility business…
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M&M share price: Mahindra Last Mile Mobility receives the first tranche of Rs 300 crore from IFCI

Mahindra and Mahindra has received the first installment of ₹300 crore from the International Finance Corporation (IFC) for its electric vehicle division. The IFC had committed to investing ₹600 crore in the division, which is the first investment in an EV maker in India by the IFC. ....

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