India-Japan Fund invests in Mahindra Last Mile Mobility Limited

The India-Japan Fund (IJF), a fund managed by National Infrastructure and Investment Fund Limited (NIIFL) under the collaboration with JBIC IG Partners, has executed a binding agreement for IJF to invest in Mahindra Last Mile Mobility Ltd., a subsidiary of Mahindra & Mahindra Ltd. (M&M), a leader in automotive, farm and services businesses, which houses M&M’s last-mile mobility business including three-wheelers and four-wheeler SCV brands.
For details, please see the press release from NIIFL and M&M. (URL)

*JBIC IG Partners is a joint venture between Japan Bank for International Cooperation (JBIC) and Industrial Growth Platform, Inc. (IGPI).