Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has signed a Share Subscription Agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company (Sampo) and has agreed to subscribe to 822 Equity Shares and 192 Compulsorily Convertible Preference Shares.

The Investment is intended to consolidate the presence in combine harvesters in the global markets, which is in furtherance to the main line of business of the Company.

Sampo is a European combine harvester company, well-known for mid-sized combine harvesters in the markets of Europe, Eurasian countries and North Africa and is also a joint venture partner for combine harvesters in Algeria.

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.