Mahindra Mahindra Ltd (M&M)
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Mahindra & Mahindra approved acquisition of 26% stake in Neon Hybren Private Limited, a step-down subsidiary engaged in renewable energy and power production. Neon is developing a 30 MW solar captive power plant in Punjab. Post-acquisition, Mahindra's subsidiary MSPL's stake will dilute to 74%. The investment of up to Rs 11.17 Cr will be in cash, completed by Dec 31, 2026. Neon had a net worth of Rs 10.77 lakhs and a PAT loss of Rs 9.23 lakhs for FY25.
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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