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SAIC's MG to bring in JSW and other local investors in India

China-based SAIC Motor Corp Ltd. has announced that it will bring in local investors in India.

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MG Motor India share price: CCI clears IndoEdge's stake purchase in MG Motor India, other deals

The acquisition of shares in MG Motor India will grant InfoEdge India Fund 8.70% of the voting and economic rights, according to a statement by the antitrust regulator. The acquirer is a large value fund for accredited investors, a scheme by IndoEdge which is a contributory determinate trust registered with the Securities and Exchange Board of India as an alternative investment fund, it said.

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