Mahindra to acquire Aston Martin

Aston Martin

Aston Martin, a United Kingdom-based automaker, is likely to be acquired by India-based Mahindra and Mahindra (NSE: M&M), according to a new report.

Reuters has reported, citing an inside source, that the Indian company has won the bid against Italian private equity fund, Investindustrial.

The Indian automaker is reportedly planning to complete the purchase by this week, after offering around $400m to acquire 50 percent of Aston Martin from majority shareholder, Investment Dar.

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