Mahindra & Mahindra’s (M&M) wholly owned subsidiary -- Mahindra Holdings (MHL) has agreed to sell its entire stake aggregating 100% of the paid-up Equity Share Capital in Mahindra First Choice Services (MFCS) and its entire stake aggregating 100% of Optionally Convertible Redeemable Preference Shares in Auto Digitech (ADPL), wholly owned subsidiary of MFCS, to TVS Automobile Solutions (TASL).
Following the sale, MHL’s shareholding in MFCS and ADPL would come down to Nil, and MFCS and ADPL would cease to be the subsidiaries of MHL and consequently of the Company.
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.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 344.15 |
| Maruti Suzuki India | 14364.50 |
| Mahindra & Mahindra | 3137.90 |
| Hyundai Motor India | 1993.25 |
| Mercury Ev-Tech | 35.27 |
| View more.. | |
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