Mahindra and Mahindra Ltd (M&M) said that it has agreed to buy the shares it didn’t already own in Meru Travel Solutions Pvt. This would take M&M’s stake in Meru to 100% from 43.2%. Neeraj Gupta, chief executive officer of Meru and its unit Meru Mobility Tech Pvt. Our association with Meru is built on our compelling strategy to scale our shared mobility businesses," said Shah, managing director, Mahindra Group. In 2019, M&M had agreed to buy a controlling 55% stake in Meru for ₹103 crore.

Source: Mint May 02, 2021 18:25 UTC