Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has acquired 21,14,349 equity shares constituting 17.41% of the paid up equity share capital of Swaraj Engines (SEL) from Kirloskar Industries (KIL). Consequently, the shareholding and voting rights of the company in SEL have increased from 34.72% to 52.13% of the equity share capital of SEL and SEL has become a subsidiary of the company with effect from September 27, 2022.

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.