subject: M&M, Ruia Group submit bids for Ssangyong Motors [print this page] Quoting Samjong KPMG and Macquarie Group Ltd, which are handling the sale, the industry sources said that the Ruia Group and a South Korean company had submitted bids for the maker of the Rexton SUV. A Ssangyong spokesman said that a South Korean court is planning to pick the preferred bidders this week. Earlier on Aug 7, the board meeting of M&M had approved bidding for Ssangyong, allowing Mahindra and Mahindra to buy a majority stake in Ssangyong.
