On 24 February 2014
Kinetic Engineering announced that the company on 24 February 2014 has sold its entire shareholding in Mahindra Two Wheelers (MTW) to Samena Capital, a private equity investment group focused in Asia and Middle East. Kinetic Group had originally acquired stake in MTW over 5 years ago, in November 2008, when its group company, Kinetic Motor Company sold its two wheeler business assets to MTW, for cash as well as a 20% strategic equity stake. KEL has recently entered into two technical alliances, with Magna Steyr and TGB of Taiwan to build business focusing on transmission systems.Powered by Capital Market - Live News
