Mahindra & Mahindra to hike stake in Mitra

From 26% to 39%

Mahindra & Mahindra signed a Share Purchase Agreement for purchase of additional 34,249 Equity Shares of M.I.T.R.A. Agro Equipments (Mitra), an Associate of the Company, from its existing shareholders.

The company currently holds 26% (on a fully diluted basis) of the equity share capital of Mitra, and post completion of the above transaction, the Company will hold approximately 39% of the equity share capital of Mitra on a fully diluted basis.

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