Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.source https://economictimes.indiatimes.com/industry/banking/finance/mahindra-finance-expands-its-global-footprint-acquires-58-2-in-ideal-finance/articleshow/84311717.cms
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