M&M hikes stake in MITRA Agro Equipments

M&M hikes stake in MITRA Agro Equipments

by admin- Friday, February 18th, 2022 04:47:02 PM

Mahindra & Mahindra signed a Share Purchase Agreement for obtaining not extra than 21,875 Equity Shares of Rs.10 every at a top rate of Rs. Three,192.23 consistent with Equity Share from the present shareholders of M.I.T.R.A. Agro Equipments Pvt Ltd (“MITRA”), an Associate of the Company.

The shareholding of the Company in MITRA would stand multiplied to forty seven.33% (on a completely diluted basis) from the existing 39.02% (on a fully diluted basis) upon of completion of the captioned transaction.

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