Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3178.65
58.20 (1.87%) M&M signs agreement to invest in Resfeber Labs
Date: 23-02-2018Mahindra & Mahindra (M&M) has signed an agreement for investing in Resfeber Labs (Porter) on February 23, 2018.
Porter belongs to the logistics industry which operates as a logistics marketplace and M&M is keen to grow its presence in shared mobility logistics solutions space which is an area of strategic interest of the company.
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.