India: Mahindra & Mahindra to pick 55% stake in True North-backed Meru Cabs

India: Mahindra & Mahindra to pick 55% stake in True North-backed Meru Cabs

Automotive major Mahindra and Mahindra Ltd., will acquire up to 55% stake in radio taxi firm Meru Cabs, by a fresh issue of shares worth up to ₹103 crore, it said in an exchange filing on Sunday.