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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

M & M racing against Italian firm for stake in Aston Martin

Saturday - Nov 24, 2012, 03:00pm (GMT+5.5)
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M & M racing against Italian firm for stake in Aston Martin

London -  Indian carmaker Mahindra & Mahindra is reportedly competing against an Italian private  equity firm for purchasing a 50 percent stake in the British automobile giant Aston Martin.

Investindustria, which is understood to have made a bid of around 250 million pounds for the luxury carmaker, faces  competition from Mahindra & Mahindra, which is understood to have made a higher offer, The Telegraph reports.

According to the paper, the Italian firm is optimistic that Aston Martin's Kuwaiti owners, The Investment Dar, will  favour its plans to invest in new technology.

The bids from both Investindustrial and Mahindra & Mahindra are thought to include plans to keep production at  Aston Martin's headquarters and plant in Gaydon, Warwickshire, UK, the paper said.

Investindustrial, Aston Martin and Mahindra & Mahindra all remained unavailable for comment.


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