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M&M: Capital Calls Taken Under Broader 18% RoE Framework, Says ICICI Direct  

M&M: Capital Calls Taken Under Broader 18% RoE Framework, Says ICICI Direct

A Mahindra & Mahindra Ltd. badge sits above the front grill of XUV 500 SUV on the production line at the company’s facility in Chakan, Maharashtra, India. (Photographer Udit Kulshrestha/Bloomberg)
A Mahindra & Mahindra Ltd. badge sits above the front grill of XUV 500 SUV on the production line at the company’s facility in Chakan, Maharashtra, India. (Photographer Udit Kulshrestha/Bloomberg)
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