Mahindra & Mahindra (M&M) plans to present a formal offer to acquire Pininfarina by 29 April, a media report said.
The Italian car designer has a shareholder meeting scheduled for 29 April.
Pincar, which holds a 76% stake in Pininfarina, is expected to back Mahindra’s offer, Reuters reported.
Spokesmen for both companies did not comment.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - The Benefits of Entering
Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!
Nominate Now
