Mahindra Enters Bidding For Jaguar After Teaming Up With Apollo
November 12th, 2007
The bidding for Jaguar and Land Rover is still going on and just as it nears the end Apollo – the American private equity house – has decided to join in. They have chosen to team up with the Mahindra & Mahindra – the Indian tractor builder – and will be seeing it through to the end hoping to get their hands on the two automakers.
Mahindra had put in dubs earlier in the race – but pulled out for what reason we don’t know. Yet, with the support of Apollo they decided that they have a much better chance at winning.