Amidst speculations of diluting stake to Mahindra and Mahindra (M&amp;M), Kinetic Motors today said it was looking to mop up Rs 100-125 crore in the next three months for expansion.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>"We plan to raise anything between Rs 100-125 crore within the next three months," Kinetic Motors' Managing Director Sulajja Firodia Motwani said, declining to comment on reports of possible stake sale to M&amp;M.</P>
</p><p class='TableClas'>The fund would be deployed for capacity expansion as well as for introducing new products. "We are yet to decide the means of raising funds," she said.</P></p><p class='TableClas'></p></table>


Amidst speculations of diluting stake to Mahindra and Mahindra (M&M), Kinetic Motors today said it was looking to mop up Rs 100-125 crore in the next three months for expansion.

Kinetic to raise Rs 125 cr for expansion

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