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Mahindra Finance to buy over 58% stake in Sri Lanka's Ideal Finance

Updated : August 20, 2019 02:16 PM IST

Mahindra Finance will invest LKR 2 billion until March 2021 for up to 58.2 percent stake in Ideal Finance, it said in a release.
With this JV, Mahindra Finance aims to replicate its business model in Sri Lanka, it said, adding that the company has fuelled the entrepreneurial aspirations of over 6.2 million customers in over 3,70,000 villages in India.
Mahindra Finance to buy over 58% stake in Sri Lanka's Ideal Finance
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