Mahindra & Mahindra’s bid for a 50 per cent stake in Aston Martin is a daring move, and one that sets up a duel with a European group befitting a product best known for high-speed chases in the hands of 007.
But such bravery aside, would the move, if it comes off, make any sense?
The story in Monday’s FT gives the basic backstory, with numerous sources suggesting that Kuwait’s Investment Dar is in the latter stages of talks with the Mumbai-based automaker and European buyout group InvestIndustrial, setting up in a two-way race for UK-based sports carmaker, in a deal worth at least $250m.
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