Mahindra & Mahindra acquires 55% stake in Meru Cabs in India
Indian automaker has options to buy the remaining 45% stake
Indian automaker Mahindra & Mahindra (M&M) has agreed to acquire 55% stake in local car rental company Meru Cabs, the company said in a filing to the Bombay Stock Exchange (BSE) on 31 August.
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