Mahindra First Choice Wheels Ltd, step down unit of automaker Mahindra & Mahindra Ltd, will acquire automotive portal CarandBike.com from NDTV Ltd and other shareholders to further its digital presence. The company will purchase 100% of CarandBike.com for up to Rs 30.45 crore, the automaker said in a stock-exchange filing. NDTV said in a separate…
Mahindra and Mahindra Ltd’s service arm Mahindra First Choice (MFC) Services on Monday announced that the company that it has entered into an asset acquisition agreement with Carnation Auto (India) Pvt. Ltd, a Noida-based aftersales and service company. As a result, MFC Services will acquire key assets of Carnation’s car-servicing business including the trademark ‘Carnation’,…