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M&M buys majority stake in China's Yancheng Tractor

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  • Published On: August 18, 2008
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After Abhinav Bindra it is now the turn of Anand Mahindra, MD of Mahindra Group, to strike gold in China, as M&M - India's numero uno tractor maker. Mahindra & Mahindra has acquired a 51 per cent stake in China's third largest tractor company Yancheng Tractor Co in a deal worth $26 million.
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