Mahindra & Mahindra has exited its interest in Turkey’s Erkunt Foundry, selling its stake to a consortium led by Hisarlar Makina Sanayi. The company says the move is part of its capital allocation strategy. The transaction is reported at 100,000 Turkish Lira, with control transferred to the new consortium.
Turkey’s competition authority has opened an investigation into Spotify, focusing on whether the music-streaming platform favors specific rights holders through its algorithms. Regulators will also examine whether Spotify’s subscription pricing in Turkey may unfairly restrict competitors and rights holders, potentially raising antitrust concerns.
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