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Mahindra First Choice Services acquires key assets of Carnation Auto

Capital Market 

First Choice Services announced that it has entered into an asset acquisition agreement with the of Auto (India).

As a result, will acquire key assets of Carnation's business including the trademark 'Carnation', its website, and Carnation's It will also drive strategic vision of organizing the unorganized Indian automotive industry.

This asset acquisition does not include the liabilities and past dues of CAPL which is currently under liquidation. will now increase its penetration in metro cities, especially in Delhi, the and Mumbai, which are strategic to its business growth plans.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 13:56 IST