Kinetic denies talks with Mahindra and Mahindra over majority stake sale

''The said news item is purely of speculative nature,'' company said in a statement. The media has reported that M&M is in talks to acquire Kinetic Motors. The Pune-based company Kinetic said it is exploring various alternatives to raise funds for its two wheeler business.
However, no definitive agreement has been entered with any investor or Mahindra & Mahindra Ltd, it added.