Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3159.35
30.20 (0.97%)
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M&M’s step-down arm incorporates wholly owned Subsidiary

Date: 07-04-2021

Mahindra & Mahindra’s (M&M) step down subsidiary -- Mahindra Susten (MSPL) has incorporated a wholly owned Subsidiary namely ‘Mahindra Solarize’ on April 06, 2021. MSPL has incorporated Mahindra Solarize to mainly undertake business for Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry based products including Engineering Procurement & Construction (EPC). Mahindra Susten is a wholly owned subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of M&M.

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.