SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

M&M to acquire 26% stake in Gelos Solren

15 Apr 2024 Evaluate

Mahindra & Mahindra (M&M) has approved acquisition of 26% stake in one or more tranches in the Paid-Up Equity Share Capital of Gelos Solren (Gelos), a wholly owned subsidiary of Mahindra Susten (MSPL), which is a subsidiary of Mahindra Holdings (MHL), which in turn is a wholly owned subsidiary of the Company. Gelos plans to generate and distribute renewable energy in accordance with the Group Captive Power Procurement Model.

Upon completion of the aforesaid transaction, Gelos will continue to be a subsidiary of the Company. The said investment will help the Company in reducing its energy cost, carbon footprint and working towards its commitment of ‘Planet Positive’ businesses and adopting 100% renewable energy by 2030 across various businesses.

Mahindra & Mahindra 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

3329.50 -41.00 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×