Mahindra & Mahindra Merger & Restructuring Worth ₹0.1 Cr
Mahindra & Mahindra's step-down subsidiary, Mahindra Defence Systems, incorporated Novavayu Aerospace Limited as a wholly owned subsidiary for an investment of ₹0.1 Crore.
- Value
- ₹0.10 Cr
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Mahindra & Mahindra's step-down subsidiary, Mahindra Defence Systems, incorporated Novavayu Aerospace Limited as a wholly owned subsidiary for an investment of ₹0.1 Crore.
Mahindra & Mahindra will merge its wholly owned subsidiary, Mahindra Investment Company (Mauritius) Limited, into itself. No cash or share consideration is involved.
Mahindra & Mahindra will sell its Truck and Bus Division to SML Mahindra Limited on a slump sale basis. The transaction is valued at ₹525 crore.
Mahindra & Mahindra updated the divestment of Erkunt Sanayi. A USD 10 million (Rs. 47 crore) infusion is expected by August 2026.
Mahindra & Mahindra's subsidiary, Mahindra Lifespace, incorporated MKDL as a wholly owned subsidiary. The acquisition cost was ₹0.01 Crore.
Mahindra & Mahindra incorporated a 50:50 life insurance joint venture with Manulife Holdings. The new entity has a Rs. 1 Crore paid-up capital base.
Mahindra & Mahindra incorporated a 50:50 life insurance joint venture with Manulife Holdings. The company invested ₹0.50 Crore for its initial stake in the new entity.
Mahindra & Mahindra's subsidiary sold its remaining 3.58% stake in CIE Spain for ₹1,411.20 Crore. The divestment results in Mahindra holding nil stake in CIE.
Mahindra & Mahindra's subsidiary, MEAL, allotted equity shares to BII and Temasek upon conversion of CCPS valued at ₹40,425 Crore. This transaction dilutes M&M's stake in MEAL from 99.99% to 92.45%, though it remains a subsidiary.
Mahindra & Mahindra executed a Novation and Amendment Agreement regarding its existing joint venture with Manulife. Manulife has transferred all rights and obligations under the JVA to its wholly owned subsidiary, Manulife Holdings (Bermuda) Limited. Other terms of the original agreement remain unchanged, ensuring continuity in the joint venture's operational framework.
Mahindra & Mahindra executed a novation agreement regarding its life insurance joint venture with Manulife. Manulife transferred all rights and obligations under the 2025 agreement to its wholly-owned subsidiary, Manulife Holdings (Bermuda) Limited. Core JVA terms remain unchanged as the subsidiary assumes all original obligations.
Mahindra & Mahindra is selling its step-down subsidiary, Erkunt Sanayi Anonim Şirketi, to Hisarlar Makina Sanayi ve Ticaret A.Ş. for approximately ₹256.02 Crore. The transaction includes extinguishing external debt and is expected to conclude by July 2026. The subsidiary contributed 0.49% to M&M's consolidated turnover in FY2025.
Mahindra & Mahindra Ltd. announced the divestment of its entire 99.04% stake in step-down subsidiary Erkunt Sanayi Anonim Şirketi to Hisarlar Makina Sanayi ve Ticaret A.Ş. and others for ~₹0.02 Crore. The transaction, expected to conclude by July 2026, aligns with the company's capital allocation framework and marks its exit from the foundry business.