Singapore investment firm to hold 1.49-2.97% stake in EV business Mahindra & Mahindra (M&M) announced on Thursday that Singapore-based investment firm Temasek Holdings will invest Rs 1,200 crore in M&M’s four-wheeler passenger electric vehicle (EV) subsidiary, Mahindra Electric Automobile (MEAL), at a valuation of up to Rs 80,580 crore ($9.8 billion). This is 15 per […]