Why did the SsangYong Motors sale by M&M fall through?
Answer
Answer
M&M confirmed that the deal to sell SsangYong Motors to Edison Motors of Korea had been terminated due to inability of Edison Motors to deposit the bid amount. M&M owned about 75% of SsangYong and has been looking for a buyer for the stake. M&M bought SsangYong in 2010 and now Edison consortium has bid for SsangYong at Rs.1,882 crore.