IFC to invest Rs 600 crore in Mahindra Mahindra’s new last mile mobility company

  • International Finance Corporation (IFC) will invest Rs 600 crore in Mahindra Mahindra’s newly established last mile mobility (LLM) company.
  • The investment will be in the form of compulsory convertible instruments at a valuation of Rs 6,020 crore.
  • This will result in an ownership of between 9.97 percent and 13.64 percent for IFC in the new company.
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