Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has completed acquisition of the balance 12.61% stake in Mahindra Waste To Energy Solutions (MWTESL) from present and ex-employees of the company and as on date, the company holds 100% of the paid-up Equity Share Capital of MWTESL. Total acquisition cost is upto Rs 3.5 crore (upto 37,84,158 equity shares at a price not exceeding Rs 9.24per equity share). MWTESL is engaged in conversion of municipal waste to bio-CNG through bio-methanation.

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.