Mahindra buys farm equipment co in Turkey for Rs 129 cr
January 20, 2017  11:28
Mahindra & Mahindra has acquired a majority stake in Turkey-based farm equipment company Hisarlar Makina Sanayi ve Ticaret Anonim irketi (Hisarlar) for around USD 19 million (nearly Rs 129 crore), thus foraying into the European nation.

Under the transaction, which is expected to close by April 2017, Mahindra will acquire 75.1 per cent stake in Hisarlar.

"The association will help in growing the farm equipment business in Turkey and Europe," M&M today said in a statement.  
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