MG Motor India to become Indian-owned with Sajjan Jindal's investment
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MG Motor India is likely to become an Indian company. As per The Economic Times, a private firm owned by Sajjan Jindal, the chairperson of JSW Group, wants to buy a stake in the Indian arm of China-based SAIC Group. To note, JSW Energy and JSW Steel (stock market-listed companies of JSW Group) will not be a part of the agreement.