Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has signed a Share Purchase Agreement for purchase of additional 34,249 Equity Shares of M.I.T.R.A. Agro Equipments (Mitra), an Associate of the company, from its existing shareholders.

The company currently holds 26% (on a fully diluted basis) of the equity share capital of Mitra, and post completion of the above transaction, the company will hold approximately 39% of the equity share capital of Mitra on a fully diluted basis. The purchase of additional equity shares in Mitra would support the company's farm equipment sector's growth in the horticulture sector. 

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.