Temasek increases stake in Mahindra's NBFC

Temasek increases stake in Mahindra's NBFC

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Singapore state-investment firm Temasek has boosted its investments in India’s Mahindra & Mahindra Ltd’s (M&M) non-banking finance company Mahindra & Mahindra Financial Services Ltd (MMFSL) recently, and had invested between $40-45 million in the NBFC, through secondary market purchases, a report said.

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