Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc...
Mahindra Holidays in talks with several states for building, acquiring resorts
Mahindra Holidays & Resorts has entered into an agreement with the Andhra Pradesh government for investing Rs 500 crore in the state and is in talks with the governments in Rajasthan, Gujarat, Tamil Nadu and Jammu...
Tech Mahindra acquires 100% stake in Orchid Cybertech for $3.27 million
IT services and consulting firm Tech Mahindra, announced on Tuesday, February 20, that it has completed the acquisition of a 100% stake in Orchid Cybertech Services (OCSI) through its wholly-owned subsidiary for a total...
Actis, Mahindra Lifespace to make partial exit worth Rs 120 cr from Mahindra Homes
Global investment major Actis and Mahindra Group’s real estate and infrastructure development arm Mahindra Lifespace Developers are together making a partial exit worth over Rs 120 crore from the latter’s subsidiary...
Kotak Mahindra Bank to sell 51% stake in Kotak General Insurance to Zurich Insurance for Rs 4,051 crore
Kotak Mahindra Bank will sell majority stake in its subsidiary Kotak Mahindra General Insurance Company to Zurich Insurance Company for Rs 4,051 crore. Kotak Mahindra Bank, Kotak Mahindra General Insurance and Zurich...
Tech Mahindra board approves merger by absorption of 3 subsidiaries
The board of directors of Tech Mahindra has approved the merger by Absorption of 3 subsidiaries of the firm and their respective shareholders. This announcement came alongside the company’s September quarter...
Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore
Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday. The bank had announced to acquire 100% stake of the Non...
Mahindra eyes 9.9% stake in RBL Bank
Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment...
LIC hikes stake in Tech Mahindra to 9%
India’s largest institutional investor and insurer Life Insurance Corp of India (LIC) has raised its stake in IT bluechip Tech Mahindra Ltd to 8.88% from 6.87% since November, highlighting domestic fund managers’...
Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share
Mahindra & Mahindra on Wednesday announced selling its entire 3.195 per cent stake in Mahindra CIE. In a filing, the company said that the sale has been executed at a gross price of Rs 447.65 per equity share...
Mahindra fully acquires MITRA Agro Equipments
Mahindra & Mahindra said it has fully acquired MITRA Agro Equipments Pvt Ltd for an undisclosed amount. The company’s Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd (M.I.T...
Billionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on...