Mahindra may increase funds for loss-making Korean company

A specialist of the sports utility vehicle Mahindra & Mahindra (M&M) might be working to increase funding for SsangYong Motor Company (SYMC) which is basically the South Korean subsidiary for helping it return to profitability.

The company is reportedly considering a capital injection of around 500 billion Won (430 million dollars) in SYMC by the year 2022 for securing its turnaround.

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Mahindra may increase funds for loss-making Korean company

Published On 27 Jan 2020 12:14 PM

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