Mahindra ahead in acquisition of Aston Martin
As Kuwait firm, Investment Dar Company desires to sell its 40% stake in Aston Martin, there are strong indications that Indiaâ€™s very own Mahindra and…
Mahindra and Mahindra are eager to acquire the stake from Investment Dar in the 99 year old British luxury spots car company, which received a fair amount of attention due to its supreme performance in James Bond movies. Investment Dar acquired Aston Martin from Ford Motor Company in 2007 and M&M have offered the bid for the company while sources confirm that the deal could be signed and sealed very soon.
M&M earlier acquired loss making South Korean company SsangYong Motors for $460 million in 2011 and are digging deep into their pockets to make a bid for the British company Aston Martin which will take their market share a whole lot higher if they succeed in its acquisition.