Mahindra & Mahindra has informed that pursuant to the allotment of additional equity shares by NDET today to its shareholders, including the Company and its subsidiaries, the Company's aggregate stake in NDET has reduced from 72.07% to 49.63% of its post-allotment equity share capital. Accordingly, NDET has ceased to be a step-down subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.