Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3120.45
36.95 (1.20%)
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M&M’s arm incorporates subsidiary company in Nigeria

Date: 25-05-2016

Mahindra & Mahindra’s (M&M) subsidiary ‘Mahindra & Mahindra South Africa’ has incorporated a subsidiary company ‘Mahindra West Africa’ in Nigeria, on May 20, 2016. Mahindra West Africa is incorporated as a subsidiary (99.99%) of Mahindra & Mahindra South Africa, which in turn is a 100% subsidiary of Mahindra & Mahindra.

Mahindra West Africa has been incorporated to promote Mahindra Brand and expand its reach into West Africa Region for its various businesses like Auto, Tractors (including Implements), 3 & 2 Wheelers, Genset, Construction equipment, Truck & Buses & Agri.

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.