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Mahindra And Mahindra Ltd's MCS forms JV with Japanese Tsubaki Chain Co, sells stake-Business Standard


Monday, 4 Aug 2014 07:36am EDT 

Mahindra And Mahindra Ltd:Tsubaki Chain Co has acquired a majority stake in Mahindra Conveyor Systems Pvt Ltd (MCS), a subsidiary of Mahindra And Mahindra Ltd-Business Standard.Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 pct) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe.MCS will be renamed as Mahindra Tsubaki Conveyor Systems Pvt Ltd. 

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