.

New Deal

New Deal

Announced

14 Feb 2024

Completed

29 Feb 2024

Mahanagar Gas to acquire a 31% stake in 3EV Industries for $12m.

Financials

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Transaction Value£9m

Consideration TypeCash

Capital Owned-

Capital Bid For31%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

3ev Industries

bidder

Mahanagar Gas

Sources

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Tags

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electric vehicles

India

Domestic

Single Bidder

Automobiles

Acquisition

Private

Minority

Completed

Friendly

Synopsis

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Mahanagar Gas, an Indian natural gas distribution company, agreed to acquire a 31% stake in 3EV Industries, a 3-wheel electric vehicles manufacturer, for $12m.

Service Providers (1)

Dealmakers

legal advisors

Khaitan & Co

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