Aston Martin buy could make Mahindra the new auto Bond
fe Bureau: New Delhi/ Mumbai, Nov 27 2012, 03:39 IST
to impress the stock markets. M&M share prices fell 3.37% at the BSE to close at Rs.922.
While some analysts have called the bid expensive, investors are largely believed to be worried on reports that say that M&M may not retain operational control.
“M&M is comfortably placed to finance the deal, but the main worry among investors was a lack of clarity on the deal. Also, there was news about the finance ministry receiving a proposal for higher tax on diesel cars — that will hurt M&M the most,” an analyst from a top broking house said.
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