M&M may face hurdles in SsangYong stake sales
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Mahindra & Mahindra may face a big speed on the company's plan to offload stake sale of SsangYong. SsangYong is a Korean company that Mahindra & Mahindra had bought. Foreign banks that are servicing SsangYong's loans. According to sources, the banks have told M&M that seeding a controlling stake could jeopardize the refinancing of loans and in such a scenario, it will be difficult to get any investors on board. The SsangYong stake sales will be quite a challenge for Mahindra & Mahindra as they will have to sort it out with the financial. ET NOW's Nayantara Rai reports. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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