(MASL), in order to integrate both the companies. Post this news, the shares of MASL climbed 8.5% on September 28. This is not the first time that the M&M Group has made inroads into the global arena. In fact, it is the third major investment by the company in a time span of just one year. The first acquisition was made in December 2005, when it acquired 88.41% in Plexion Technologies (India), a group company of the Mauritius-based Plexion Technologies. Then in January 2006, M&M had acquired 98.6% shares of UK-based Stokes Group Ltd., which specialises in automotive forging.
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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