Mahindra to acquire 10% stake in Canada tech firm for â¹35 cr
Homegrown automaker Mahindra & Mahindra on Tuesday said it will acquire 10% stake in Canadian technology firm Resson Aerospace for around â¹34.5 crore. The transaction, which is being made in cash, is expected to complete by May 10, 2018. Founded in 2013, the firm uses large-scale data analytics, drones, and swarm robotics to help agriculture companies boost productivity.