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.
The technology, designed by start-up Halter, creates a virtual fence for cattle and enables farmers to monitor the animals’ location & health through an app.
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