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M&M gains as its arm acquires 60% stake in OFD Holding BV for Rs 36 crore

06 Dec 2016 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1185.05, up by 3.60 points or 0.30% from its previous closing of Rs. 1181.45 on the BSE.

The scrip opened at Rs. 1195.00 and has touched a high and low of Rs. 1195.00 and Rs. 1180.00 respectively. So far 8729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.80 on 09-Aug-2016 and a 52 week low of Rs. 1092.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1,198.50 and Rs. 1141.80 respectively. The current market cap of the company is Rs. 74338.67 crore.

The promoters holding in the company stood at 26.80%, while Institutions and Non-Institutions held 57.67% and 15.53% respectively.

Mahindra & Mahindra’s (M&M’s) wholly owned subsidiary Mahindra Agri Solutions has acquired 60% stake in the Netherlands-based global fruit distribution company OFD Holding BV for about Rs 36 crore. The deal gives Mahindra an opportunity to tap new markets in Europe and China and strengthen its existing customer base.

OFD Holding owns Origin Fruit Direct, Origin Direct Asia and Origin Fruit Services South America, which are based out of the Netherlands, China and Chile, respectively. The acquisition takes the company closer to becoming a significant global player in grapes and is in line with Mahindra’s long term vision of Delivering FarmTech prosperity.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
17-Apr-2026 16:59 View Price Chart
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