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The latest announcement is out from Mahindra & Mahindra Ltd. ( ($IN:M&M) ).
Mahindra & Mahindra Ltd. announced the cessation of Fifth Gear Ventures Limited as a subsidiary following the effective implementation of a Composite Scheme of Amalgamation and Arrangement. This move, sanctioned by the National Company Law Tribunal, involves the merger of Fifth Gear Ventures with Mahindra First Choice Wheels Limited, impacting the company’s structure and related party transactions.
More about Mahindra & Mahindra Ltd.
Mahindra & Mahindra Ltd. operates in the automotive industry, offering a range of products and services including manufacturing and selling vehicles, as well as providing automotive-related services. The company focuses on the global market with a strong presence in India.
YTD Price Performance: -14.19%
Average Trading Volume: 79,116
Current Market Cap: 3293.9B INR
For detailed information about M&M stock, go to TipRanks’ Stock Analysis page.