Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance - Business News: Latest News & Videos about market and economy | Trendmergers

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Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance

Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.

from Industry-Economic Times
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