Agriculture in India

January 27, 2010 - 4:00am

Mahindra & Mahindra (M&M) of India acquired a 75.1-percent stake each in Australia’s Aerostaff Australia (AA) and Gippsland Aeronautics (GA), a deal worth about $37.4 million. Mahindra said it will retain the existing managements of GA and AA. The company earlier invested $10 million in Mahindra Aerospace’s facility in the south India city of Mallur, which it expects to be ready by July.

 
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