Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3083.50
-9.35 (-0.30%) M&M’s MIUL ceases to be subsidiary of the company
Date: 27-06-2019Mahindra & Mahindra’s (M&M) step down subsidiary -- Mahindra International UK (MIUL) has ceased to be a subsidiary of Mahindra Overseas Investment Company Mauritius (MOICML) and that of the Company.
Earlier, MIUL, a wholly owned subsidiary of MOICML which in-turn is a wholly owned subsidiary of the Company had filed for voluntary liquidation.
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.