Mahindra Mahindra Ltd (M&M)
Please refer to the enclosed file.
Mahindra & Mahindra Ltd. has executed a Novation and Amendment Agreement with Manulife and its wholly owned subsidiary, Manulife Holdings (Bermuda) Limited. Under this agreement, Manulife has transferred all its rights and obligations under the joint venture agreement to Manulife Bermuda, which will now assume all responsibilities while other terms remain unchanged. This update reflects a structural change in the joint venture partnership without altering the business scope.
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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