Mahindra Finance and Ideal Finance form NBFI Joint Venture in Sri Lanka

• Mahindra Finance will invest LKR 2 billion until March 2021 for up to 58.2% stake in Ideal Finance.
• The joint venture will capitalize on Mahindra Finance’s 25-year expertise in the financial services domain and Ideal Finance's domestic market knowledge to build a market leading financial services business in Sri Lanka.
• The strategic investment in Ideal Finance is a significant step in Mahindra Finance’s global expansion strategy.

Colombo / Mumbai, August 20, 2019: Mahindra & Mahin

Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka

- Mahindra to take 35% stake in the JV
- Partnership to create a win-win for both companies in the automotive space.

April 3, 2018, Colombo: Mahindra & Mahindra Ltd., a part of the USD 19 billion Mahindra Group based in India, entered into a joint venture last week with Ideal Motors Ltd., a fully owned subsidiary of the Ideal Group, to assembly automotive vehicles in Sri Lanka.