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Mahindra Electric Automobile

Temasek will invest 12 billion rupees (S$194.8 million) as compulsorily convertible preference shares, giving the investor a 1.49 per cent-2.97 per cent stake in Mahindra Electric Automobile.

Temasek to invest in Mahindra EV unit at US$9.8 billion valuation

Singapore investment firm Temasek will take up to a 3 per cent stake in Mahindra and Mahindra’s electric vehicle (EV) unit at a valuation of up to US$9.8 billion, the Indian automaker said on Thursday...

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