India's M&M steps in to repay lenders as Korean unit SsangYong defaults on $55m loans

India's M&M steps in to repay lenders as Korean unit SsangYong defaults on $55m loans

Visual from the company website

Mahindra & Mahindra Ltd (M&M) on Tuesday informed the stock exchanges it would honour its commitment to the lenders after its ailing South Korean subsidiary SsangYong Motor Company (SYMC) failed to repay 60 billion Korean won (408 crore) in loans a day earlier.

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