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Mahindra CIE gets NCLT’s nod for scheme of amalgamation

20 Dec 2017 Evaluate

Mahindra CIE Automotive has received National Company Law Tribunal’s (NCLT) approval for the Scheme of Amalgamation of Mahindra Forgings Global (MFGL), Mahindra Forgings International (MFIL), Mahindra Gears & Transmissions (MGTPL) and Crest Geartech (Crest) with the company, on December 13, 2017.

Mahindra CIE Automotive is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai.

Peers
Company Name CMP
SamvardhanaMotherson 160.00
Tube Investments 2200.00
Bosch 45452.80
UNO Minda 1110.20
Bombay Burmah Trdg. 1247.40
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