UPDATE 2-India's Mahindra to buy Germany's Jeco Holding

Newswire

(Adds details, background) MUMBAI, Sept 28 (Reuters) - India's top utility vehicle maker, Mahindra & Mahindra Ltd. (M&M), said it would buy a controlling stake in Germany's Jeco Holding AG to add to its growing portfolio of auto parts products. M&M will buy 67.9 percent in the German auto parts maker at an enterprise value of about 140 million euros ($178 million). The enterprise value includes debt, which the company refused to disclose. Indian auto parts makers are in a ...

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