M&M TO DIVEST STAKE IN SSANGYONG AND FOCUS ON FARM EQUIPMENT

• M&M distress acquisitions predominantly never paid off. Foreign acquisition losses amounted to 1102 crore in FY18 jumping to INR 5257 crore in FY 20.
• In contrast, the Farm Equipment Business which has only been funded with a mere 10% of its capital makes for 60% of its tota...