Money » Mahindra In Race For Stake In Aston Martin
Mahindra in race for stake in Aston Martin
Dailybhaskar | Nov 26, 2012, 14:38PM IST
New Delhi: When Tata bid successfully for buying out Jaguar Land Rover, Indian automobile manufacturers arrived on the international scene with more prominence than ever before. To take this mission forward, the industry has once again become a hotspot for speculation, as Mahindra is known to have placed it's contendership for a sizeable stake in British luxury car maker, Aston Martin. With competition from Italian firm Investindustrial, the Indian carmaker has emerged as a frontrunner in the stake sale from Aston Martin. According to reports in the Economic Times, "Mahindra has emerged as a frontrunner to become a strategic investor."
Now that the news seems to be spreading like wild fire in the markets, sources have also revealed that the deal might not really take long, and the finalisation might come in sometime later this week itself. Though one would wonder how or why things are moving so quickly is a major deal between companies like Aston Martin and Mahindra, but it clearly shows that the matter is clearly in its advanced stages, and developments are coming in sooner. Aston Martin was intially bought over by Kuwait based Investment Dar for $767 million (Rs 4,273 crores). Now, the car made famous by James Bond movies, will now be in the Indian hands sooner or later.