Calling these 10 companies
“gems”, Shah said that this move is a part of M&M’s strategic plan to ensure 18% RoE across all business units in the mid-term. To reach this target M&M will sell its loss-making units including SsangYong
Motor Co., and electric bike startup GenZe, he added.
that made it to the IPO
list include Mahindra Accelo, Bristlecone, Mahindra Powerol, and the maker of Jawa Motorcycles—Classic Legends Pvt. Ltd. The company is also looking for investors for its used cars business, Shah told Mint.
He also said that M&M expects 2-3 businesses to go public in the next 2-3 years, some in 3-5 years and the rest in 5-7 years.
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