Mahindra bids for 50% stake in British car maker Aston Martin

Nov 26, 2012: According to a report by Financial Press, Mahindra and Mahindra, the Indian automobile major has bid for a 50% stake in British car maker Aston Martin. Aston Martin which is known as iconic luxury cars is more famous as the car of the famous secret agent, James Bond. This car has been used in 11 movies of James Bond franchise which includes the latest Bond movie ‘Skyfall’. The company which wins the bid for the 98 year old firm will get 40% equity stake and 50% voting rights. The rest of the stake will remain with Aston Martin and the Kuwaiti investors, Investment Dar. The other company which is close in the race is Investindustrial which has made a bid for USD 400 million.