Mahindra & Mahindra gains on acquiring 51% stake in Mahindra Sanyo Special Steel

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

17 Jun 2013 Evaluate

Mahindra & Mahindra is currently trading at Rs. 968.90, up by 21.45 points or 2.26% from its previous closing of Rs. 947.45 on the BSE.

The scrip opened at Rs. 961.20 and has touched a high and low of Rs. 972.40 and Rs. 960.80 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1026.45 on 20-May-2013 and a 52 week low of Rs. 675.10 on 25-Jul-2012.

Last one week high and low of the scrip stood at Rs. 996.20 and Rs. 915.00 respectively. The current market cap of the company is Rs. 59,488.00 crore.

The promoters holding in the company stood at 25.18% while Institutions and Non-Institutions held 50.55% and 18.90% respectively.Mahindra & Mahindra has purchased entire shareholding of 51, 00,000 equity shares of Rs 10 each held by Mahindra Ugine Steel Company in Mahindra Sanyo Special Steel (MSSSPL), a second tier subsidiary of the company, constituting 51% of the equity share capital of MSSSPL, for an aggregate consideration of Rs 214.33 crore, thereby making MSSSPL a direct subsidiary of the company. The said consideration is as per the Valuation Report of an Independent professional firm.

The above proposal for purchase of investment in MSSSPL is subject to necessary approvals, as may be required. The Committee of Directors of the company at its meeting held on June 15, 2013 has approved for the same.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.

Mahindra & Mahindra Share Price

3329.50 -41.00 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	355.35
Maruti Suzuki	13725.40
Mahindra & Mahindra	3329.50
Hyundai Motor India	1852.45
Mercury Metals	30.94
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