Reports about Aston Martin major shareholder Investment Dar looking to offload a stake in the British sports car maker in order to secure much-needed funds, have been circulating since early November.

Mahindra & Mahindra, which last year acquired Korean SUV maker SsangYong, was said to be the highest bidder. According to Bloomberg News, though, it seems that it has lost out to London-based equity firm Investindustrial.

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