Bike RPM » thirty http://www.bikerpm.com Bike Industry News and Reviews Sat, 26 Mar 2011 04:42:40 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Kinetic to invest Rs 30 crore in Mahindra Two Wheelers Pvt Ltd http://www.bikerpm.com/manufacturers/kinetic-manufacturers/kinetic-to-invest-rs-30-crore-in-mahindra-two-wheelers-pvt-ltd/ http://www.bikerpm.com/manufacturers/kinetic-manufacturers/kinetic-to-invest-rs-30-crore-in-mahindra-two-wheelers-pvt-ltd/#comments Sat, 27 Sep 2008 11:21:50 +0000 rajiv http://bikerpm.com/manufacturers/kinetic-manufacturers/kinetic-to-invest-rs-30-crore-in-mahindra-two-wheelers-pvt-ltd/ Pune-based two-wheeler manufacturer Kinetic Motor has announced that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd., to buy 2.95 crore equity shares of the latter. Kinetic took this decision during its extraordinary general meeting held yesterday.

Kinetic's EGM also approved an increase in its authorized share capital from the current Rs 88.56 crore to Rs 93.56 crore, by creation of new five lakh redeemable cumulative preference shares of Rs 100 each.

[Via: Indiaautomotive]

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