Mahindra & Mahindra is understood to have received clearance from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor, putting the sale process with the potential investor HAAH Automotive Holdings on fast track. The UV maker has got approval from the Reserve Bank of India to reduce its stake of 75 per cent in SsangYong Motor to 25 per cent through capital reduction, say people in the know. "RBI has approved capital decrease. Ssangyong is trying its best to negotiate with HAAH and submit P plan to the court, before March 15. Of course, there is still a risk th...