India’s Mahindra says deal to sell SsangYong Motor to Edison terminated

Mahindra & Mahindra said on Thursday that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated.

India & # 039; s Mahindra says deal to sell SsangYong Motor to Edison terminated

The receiver of SsangYong cited Edison`s inability to deposit the bid amount for the termination of the deal, Mahindra said in an exchange filing on Thursday. Pic: Reuters

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Mahindra & Mahindra said on Thursday that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated. The receiver of SsangYong cited Edison`s inability to deposit the bid amount for the termination of the deal, Mahindra said in an exchange filing on Thursday. Pic:…

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