04
Dec
06:52
JSW to acquire 35% stake of SAIC MG India
Chinese automaker Shanghai Automotive Industry Corporation (SAIC) is welcoming Indian multinational conglomerate JSW as a strategic investor to further support MG India’s market expansion, Kallanish learns.
The shareholder agreement and share purchase and subscription agreement were signed by Wang Xiaoqiu, president of SAIC, and Parth Jindal, managing director of JSW Cement and JSW Paints at MG UK headquarters in London. Under the deals, JSW Group will…
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