Mahindra & Mahindra gains 2% in a subdued market; here’s why
Further in another development, M&M acquired 21,14,349 equity shares constituting 17.41% of the paid-up equity share capital of Swaraj Engines from Kirloskar Industries. Consequently, the shareholding and voting rights of M&M in Swaraj Engines stand increased from 34.72% to 52.13% and Swaraj Engines now becomes M&M’s subsidiary with effect from 27 September, 2022.
