Mahindra to form JV with US SW firm

MUMBAI: India's top tractor and utility vehicles maker Mahindra & Mahindra Ltd has entered into an agreement to buy a majority stake in U.S. software firm Bristlecone Inc, the Bombay Stock Exchange said.

It said the Indian firm will form a joint venture subsidiary by investing cash of up to $7 million in one or more phases and transferring five consulting and inter trade subsidiary companies to the joint venture.

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