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Mahindra & Mahindra to acquire balance stake in subsidiary - Mahindra Aerospace

Capital Market 

Mahindra & Mahindra has on 24 March 2023 executed a share purchase agreement to acquire 7,67,59,301 equity shares of Mahindra Aerospace (MAPL), a subsidiary of the company from other shareholders of MAPL.

Upon completion of the said transaction, the shareholding of the company in MAPL would increase from 91.59% to 100% of the equity share capital of MAPL.

Consequently, MAPL would become a wholly owned subsidiary of the company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First Published: Sat, March 25 2023. 13:40 IST
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