M&M may buy Kirloskar Oil's stake in Swaraj Engines-paper

Newswire

MUMBAI, Sept 25 (Reuters) - Mahindra & Mahindra Ltd is planning to up its stake in Swaraj Engines by buying out Kirloskar Oil Engines' stake in the latter, the Business Standard reported on Friday. Swaraj Engines was formed in technical collaboration with Kirloskar Oil, which currently holds 17.39 percent stake in the firm. Mahindra & Mahindra, India's top tractor maker, has a 33.2 percent stake in Swaraj Engines and is planning to consolidate its stake in the firm to expand the ...

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