Mahindra and Mahindra said its electric vehicle unit has merged with it. Mahindra Electric Mobility Ltd (MEML) is now officially merged into the parent company, Mahindra and Mahindra Ltd (M&M), the auto major said...
NCLT approves Mahindra Electric’s merger with Mahindra & Mahindra
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the merger of Mahindra Electric Mobility with Mahindra & Mahindra. The proposed consolidation will bring the entire automotive value chain of...
LIC increases stake in Tech Mahindra to 6.874%
Life insurance giant in India, LIC has increased its shareholding in Tech Mahindra to 6.874%. Earlier, LIC held 4.863% of the paid-up capital of the IT major. That being said, LIC’s stake in Tech Mahindra has...
Mahindra to buy Rivigo’s B2B express biz
Mahindra Logistics Ltd will acquire the business-to-business (B2B) express delivery business of Rivigo Services Pvt. Ltd, the third-party logistics solutions provider said on Monday. Mahindra Logistics will buy the...
Ontario Teachers’ to buy 30% stake in Mahindra Susten
Leading Canadian fund Ontario Teachers’ Pension Plan Board (Ontario Teachers’) will acquire a 30% stake in Mahindra Susten, the renewable energy platform, for Rs 2,371 crore ( $300 million), said Ontario Teachers’...
LIC offloads 2% stake in Mahindra & Mahindra for Rs 2,222.49 cr
Life Insurance Corporation (LIC) said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period...
Kotak Mahindra Bank acquires DLL India’s agri and healthcare portfolio
Private lender Kotak Mahindra Bank (KMBL) on 8 July announced to have acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India). Over the next...
Ontario Teachers’ Pension Plan in talks to buy 49% stake in Mahindra Susten
The Ontario Teachers’ Pension Plan (OTPP) is in advanced talks to acquire a stake of about 49% in Mahindra Susten, the renewable energy unit of Mahindra and Mahindra, said people aware of the development. OTPP...
Mahindra & Mahindra to sell entire stake in Mahindra Sanyo Special Steel for Rs 212 crore
Mahindra & Mahindra (M&M) on Saturday said it has agreed to sell over 34.75 lakh shares, constituting 22.81 per cent of the paid-up capital, in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), to Japan-based Sanyo...
Mahindra Holidays To Raise Stakes In Rocksport In 3 Tranches
Mahindra Holidays & Resorts India on Sunday announced an additional subscription of equity shares in Great Rocksport Private Limited (“Rocksport”), a company that is engaged in the business of soft adventure...
Mahindra says deal to sell SsangYong Motor to Edison terminated
Indian carmaker Mahindra & Mahindra said that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated. The receiver of SsangYong cited...
After Axis and HDFC Bank, will Kotak Mahindra go the M&A way?
Top Indian banks are acquiring assets as they look to build scale to reach the length and breadth of the market. After the announcement of the HDFC Bank-HDFC merger and Axis Bank’s purchase of Citi’s retail...