Mahindra & Mahindra Financial Services (Mahindra Finance) has completed the acquisition of the balance 20% of the Equity Share Capital aggregating 2,91,29,032 Equity Shares of Ideal Finance from its existing shareholders, resulting in an increase in the company's stake in Ideal Finance from 38.20% to 58.20%. Consequent to this investment, Ideal Finance has become a Subsidiary of the company effective July 8, 2021.
Mahindra Finance is one of India’s leading non-banking finance companies.