Tractor and SUV manufacturer Mahindra & Mahindra Ltd, and Karur Vysya Bank [stockquote]KARURVYSYA[/stockquote] (KVB) has entered into pact for financing the vehicles.The deal will explore synergies between two companies in which each have very strong foothold. M&M has more than 250 dealers network and KVB has wide reach through its more than 450 branches will leverage each others strength.
Today Stock of M&M closed at Rs. 692 and Karur Vysya Bank at 390 up 3.72% on NSE.