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Indel Automotives bags three acquisition deals for Rs 400 cr in Kerala

Corporation to take over Ford, Hyundai and Volvo dealerships in the state

T E Narasimhan  |  Chennai 

Indel Automotives, a fully-owned subsidiary of Mumbai-based Indel Corporation, has acquired MGF Motors Ltd, Kerala Cars Pvt Ltd and Omega Motors Pvt Ltd.

The Rs 500-crore holding company has a long-standing interest in various sectors including hospitality and leisure, finance and insurance, media and entertainment, infrastructure contracting, automotive and agriculture, among others. Company has completed its one-and-a-half-year long acquistion process that will enable its takeover of one of the largest auto dealership networks in India involving auto majors such as Ford, ...

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First Published: Thu, June 01 2017. 15:18 IST
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