Mahindra, which bought a 70% stake in Ssangyong Motors Co for $368 million in 2010, will hold 30% or less if the deal goes through. It will also do a 25% capital reduction.
The deal with Mahindra & Mahindra effectively ends Ford’s independent operations in India, the country it wanted to turn into one of its top three markets by 2020.
Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.
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