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

This investment in Mahindra Mahindra’s new wholly owned subsidiary last mile mobility (LLM) company will be in form of compulsory convertible instruments at a valuation of Rs 6,020 crore and will result in an ownership of between 9.97 percent and 13.64 percent for IFC in the new company

from Moneycontrol Business News https://www.moneycontrol.com/news/business/ifc-to-invest-rs-600-croremm’s-new-last-mile-mobility-company_16935671.html