MG Motor UK Limited is an automotive company owned by SAIC Motor UK, headquartered in London, owned by the Shanghai-based Chinese state-owned automaker SAIC Motor.
parkplusioSajjan Jindal, the Chairman of JSW Group, is nearing the finalization of a deal to acquire a larger stake in MG Motor India, a subsidiary of Shanghai-based SAIC Motor.
parkplusioAccording to the report, Sajjan Jindal is expected to secure approximately 45-48 percent of his stake in MG Motor India through one of his privately-owned companies. Furthermore, Indian employees and dealers of MG Motor India will also hold a 5-8 percent stake in the company.
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