Market experts SP Tulsian of sptulsian.com, Umesh Karne of Brics Securities, Mitul Shah of Karvy Stock Broking and Amit Kasat of StanChart concur, on CNBC-TV18, that the deal will mutually benefit both companies in terms of synergies and geographical reach.
Mahindra & Mahindra (M&M) will purchase 51 lakh shares in Mahindra Sanyo Special Steel Private Limited (MSSSPL) and has inked a mega global alliance on with a Spanish auto component company Cie Auto on Saturday, reports CNBC-TV18