Mahindra board rejects proposal to inject fresh equity in SsangYong April 03, 2020 at 07:11AM

Mahindra & Mahindra (M&M) on Friday said its board has rejected a proposal to inject any fresh equity into its loss-making Korean arm SsangYong Motor Company (SYMC). The management and labour union of SYMC had sought a funding of 500 billion KRW ($406 million) from the Mumbai-based auto major over the next three years.