Mahindra Two Wheelers is the two-wheeler making company making entry level motorcycles and scooter from bought out assets of Kinetic Motors since 2008. The loss making company is in the process of getting merged into utility and tractor making company Mahindra & Mahindra.
Kinetic Engineering, the component making company of the Pune-based Firodia family, will receive a consideration of about Rs 182.1 crore and after certain committed non convertible debentures repayments and cost of financing, the net proceeds would amount to about Rs 109.8 crore.
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