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M&M surges as its step down arm acquires 100% stake in three companies

12 Nov 2020 Evaluate

Mahindra & Mahindra is currently trading at Rs. 651.00, up by -17.75 points or 2.80% from its previous closing of Rs. 633.25 on the BSE.

The scrip opened at Rs. 629.50 and has touched a high and low of Rs. 652.25 and Rs. 629.50 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 666.35 on 21-Sep-2020 and a 52 week low of Rs. 245.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 653.05 and Rs. 602.00 respectively. The current market cap of the company is Rs. 78725.17 crore.

The promoters holding in the company stood at 19.58%, while Institutions and Non-Institutions held 65.64% and 14.78% respectively.

BSA Company, UK which is a wholly owned subsidiary company of Classic Legends (CLPL) which in turn is a subsidiary company of Mahindra & Mahindra (M&M), has acquired 100% stake in the Birmingham Small Arms Company, BSA Corporation and B.S.A. Motor Cycles from BSA Regal Group of UK. Consequently, the said companies have become subsidiaries of BSA Company, UK and in turn of CLPL and also of the company. The acquisition will enable BSA Company to protect and safeguard the brand license of BSA.

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

3198.75 60.85 (1.94%)
06-Jul-2026 13:46 View Price Chart
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