Mahindra & Mahindra Merger & Restructuring
Mahindra & Mahindra's stake in New Democratic Electoral Trust (NDET) reduced to 49.63%, causing NDET to cease being a step-down subsidiary of the Company.
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Mahindra & Mahindra's stake in New Democratic Electoral Trust (NDET) reduced to 49.63%, causing NDET to cease being a step-down subsidiary of the Company.
Mahindra & Mahindra is selling a 51% stake in its subsidiary, Novavayu Aerospace Limited, to Embraer S.A. for a consideration of approximately Rs. 0.051 Crore.
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.