Mahindra Finance to acquire 58.2% stake in Sri Lanka's Ideal Finance for Rs80 cr
- With the JV with Ideal Finance, Mahindra Finance aims to replicate its business model in Sri Lanka
- Ideal Finance focusses on rural and semi-urban sector
NEW DELHI : Mahindra & Mahindra Financial Services (Mahindra Finance) on Tuesday said it has entered into a joint venture deal with Sri Lanka's Ideal Finance to acquire up to 58.2% stake in the company for LKR 2 billion (nearly Rs80 crore).
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