Mahindra to sell majority stake in aerospace subsidiary to Brazil’s Embraer for Rs 5,100 crore

Mahindra & Mahindra Ltd has entered into an agreement with Embraer SA for selling a 51% stake in Novavaayu Aerospace Ltd. The total consideration for this stake acquisition amounts to approximately Rs 5,100 crore. Following this acquisition, Novavaayu Aerospace will no longer be a wholly owned…

Khabar Adda curates headlines like this across Top Stories, Entertainment, Bollywood, Hollywood, Crime and Politics from public RSS feeds. This page links out to economictimes.indiatimes.com's own reporting rather than reproducing it — the excerpt above comes from economictimes.indiatimes.com's own feed.