Epic Research Update : Kinetic Engineering

Kinetic Engineering has sold its entire shareholding in Mahindra Two Wheelers (MTWL) to Samena Capital, a Private Equity Investment Group focused on Asia and Middle east.Kinetic group had originally acquired stake in MTWL over 5 years ago, in November 2008, when its group Company, Kinetic Motor Company (KMCL), sold its two wheeler business assets to MTWL, for cash as well as a 20% strategic equity stake. Subsequently, KMCL was merged with KEL in year 2012, and thus, the stake had been transferred to KEL.

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