Mahindra & Mahindra completes acquisition of 36.63% in Meru in first tranche

Mahindra & Mahindra announced that the company has acquired 36.63% of the Equity Share Capital of Meru Travel Solutions (Meru) in the first tranche of investment, and also the Right to appoint majority of the Directors on the Board of Meru.

Consequently, Meru has become the subsidiary of the company with effect from 05 December 2019 and the following subsidiaries of Meru, have in turn, also become subsidiaries of the company from 05 December 2019 -

Meru Mobility Tech
V-Link Automotive Services
V-Link Fleet Solutions.

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