Mahindra and Mahindra to acquire 26% stake in defence JV with BAE Systems

Feb 09 2013, 17:49 IST
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Mahindra Defence Systems has 74% stake while global defence major had 26%. (AP) Mahindra Defence Systems has 74% stake while global defence major had 26%. (AP)
SummaryMahindra Defence Systems has 74% stake while global defence major had 26%.

the private sector in the defence industry."

As per India's FDI policy, foreign vendors can invest only 26 per cent in the Indian defence sector to develop military hardware indigenously.

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