Aston Martin Nearing 40% Sale to Mahindra

It appears that in the very near future JaguarJaguarUnited Kingdom, 1922 > present53 models
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Land RoverLand RoverUnited Kingdom, 1978 > present15 models
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might not be the only British auto company now owned by Indian interests. Aston MartinAston MartinUnited Kingdom, 1914 > present62 models
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has confirmed to share holders that it is for sale, and that it is in "advanced stages" of sale. Reportedly, the most eligible buyer is Indian auto company Mahindra and MahindraMahindraIndia, 1944 > present12 models
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who will buy 40% of Aston Martin stock for an estimated £250 million (€308.6 million or $401 million). The winning bidder will also get 50% voting rights on Aston Martin's board. 

Reports that Aston Martin was for sale began for several weeks ago, and the most interested parties were Toyota and Mahindra and Mahindra. ToyotaToyotaJapan, 1937 > present155 models
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audited the company's books but is not among the final parties vying for the stock. 

Aston Martin sent out a statement to its stockholders on November 29 that said: "Aston Martin, with the support of its shareholders, confirms that discussions are at an advanced stage to secure a capital increase which will ensure it can deliver its medium and long-term growth plans."

The two reported companies bidding for Aston Martin are Mahindra and Mahindra and Italian concern Invest Industrial. Mahindra and Mahindra is offering more money for the 40% share, but Invest Industrial is offering technology from MercedesMercedes-BenzGermany, 1924 > present197 models
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. Mahindra and Mahindra is reportedly the favorite for the purchase.

Source: Autocar