Mahindra & Mahindra (M&M) has become the second-largest automaker to invest in a ride-sharing company as it acquires a 55% stake in Meru Travel Solutions by investing Rs 202 crore in phases. Hyundai and Kia had together invested in Ola earlier this year.Meru had a consolidated revenue of Rs 157 crore in FY19.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2lpTDKU
