M&M EV unit raises $145 mn from Temasek at upto $9.8 billion valuation

[Bilgin]

M&M EV unit raises $145 mn from Temasek at upto $9.8 billion valuation Mint reported in March that Mahindra & Mahindra Ltd was in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit in multiple tranches over the next 2-3 years