Mahindra Mahindra Ltd (M&M)
Please refer the enclosed file
Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra Ltd, has acquired full stakes in Mahindra & Mahindra Contech Ltd and PSL Media & Communications Ltd from Prudential Management & Services Pvt Ltd. This increases Mahindra's shareholding in MMCL to 99.99% and in PSL to 71.99%, making both direct subsidiaries. Consequently, New Democratic Electoral Trust and Kota Farms Services Ltd also become subsidiaries. The acquisitions aim to simplify corporate structure, improve efficiency, reduce costs, and enhance transparency.
Source: Original filing PDF
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🚨 M&M — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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