Mahindra and Mahindra acquires 33% stake in Mitsubishi Agricultural Machinery Co
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The acquisition, which was announced in May this year, was worth $25 million. Media reports suggest that both the companies have entered into a capital tie-up through third-party allocation of new shares.
As a result of the capital infusion,
A new organisational structure has also been announced for Mitsubishi Mahindra Agricultural Machinery Co.
Under the new structure, Katsumi Tottori, former President of MAM, has been appointed as the CEO of the new entity, while Sudhir Jaiswal, ex-VP Commercial Business and Planning, International Operations of M&M, will be the CFO.
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