Mahindra to make 10 group companies public, sell loss-making units: Report

The company expects 2-3 businesses to go public in the next 3 years, some in 3-5 years and the rest in 5-7 years

Mahindra & Mahindra is planning to list 10 of its units in the next 2-7 years as it looks to increase shareholders’ return on equity, reports Mint.
 

M&M has chosen 10 firms from sectors such as financial services, infrastructure, and clean energy, the company’s Group Chief Financial Officer and Deputy Managing Director Anish Shah told Mint in an interview.
 

Although the contribution of these units to M&M’s overall revenues is low, their cumulative revenues stand at over Rs 10,000 core, Shah, who is set to succeed the company’s current Managing Director and Chief Executive Officer Pawan Goenka in April, said.

“They