Announced
Completed
Financials
Tags
India
Automobiles
commercial vehicles
Completed
Single Bidder
Friendly
Minority
Private Equity
Domestic
Acquisition
Private
Synopsis
NIIF-backed India-Japan Fund, an investment fund, completed a $120m investment in Mahindra Last Mile Mobility, a commercial vehicles manufacturer. "The fund's investment in MLMML not only underlines our dedication to promoting sustainable and innovative mobility solutions, but also strengthens the partnership between India and Japan in high-growth sectors. Together with our partners JBIC, we believe that our investment in MLMML should yield transformative results in the last-mile mobility domain, driving economic growth, generating employment and ensuring environmental sustainability," Krishna Kumar G, IJF Partner.
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