Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has signed two share purchase agreements for acquiring 100% of the share capital of Erkunt Traktor Sanayii A.S. and at least 80% of the share capital of Erkunt Sanayi A.S. (which includes around 35% of Erkunt Sanayi A.S. which is held by Erkunt Traktor Sanayii A.S.).

The acquisition would provide the company to Turkish agriculture machinery market. Through the acquisition, the company would also acquire a wide product portfolio and access to the fourth largest Turkish tractor brand.

Mahindra & Mahindra (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.