Stocks

Pininfarina buy may bolster Tech Mahindra

| Updated on January 22, 2018 Published on December 14, 2015

15blTechCol.eps

Shares of Tech Mahindra, the IT services arm of M&M, will see market attention on reports that it has agreed to buy Italian car designer Pininfarina. Shares of Pininfarina were suspended from trading earlier on Monday pending a statement, the Italian stock exchange said. In a post-market-hours disclosure, Tech Mahindra has confirmed the buying of Pininfarina, which has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac.

Published on December 14, 2015
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