Mahindra Partners

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

M&M hikes stake in combine harvester maker Sampo Rosenlew Oy to 100%

Mahindra & Mahindra on Monday said it has hiked its stake in its Finland-based arm Sampo Rosenlew Oy to 100 per cent with the acquisition of residual shares for over Rs 35 crore. In December 2020, the company increased its stake in combine harvester maker Sampo Rosenlew Oy to 79.13 per cent with the acquisition of additional 1,050 shares for Rs 31.15 crore. In a regulatory filing, Mahindra & Mahindra (M&M) said it executed an option exercise share purchase agreement on Monday to acquire 1,317 equity shares of Sampo Rosenlew Oy, pursuant to the exercise of a call option by it on the other shareholder of Sampo. Subsequently, the shareholding and consequent voting rights of M&M in Sampo would increase from 79.13 per cent to 100 per cent of the equity share capital of Sampo and it would become a wholly-owned subsidiary of the company, it added. The consideration will be paid in cash and the 1,317 equity shares of Sampo are being acquired at a price of euro 3,333 per share .

Mahindra's tweet on 'latest tech' to dry clothes leaves netizens in splits

Business tycoon Anand Mahindra has shared a picture of a 'latest technology to dry clothes on Twitter, and it has left Twitterati amused and in splits.

M&M reports over 200% surge in total sales at 53,726 units in May

Mahindra & Mahindra (M&M) on Wednesday said its total sales stood at 53,726 units in May. The company had reported total sales of 17,447 units in Covid-hit May 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market were 26,904 units last month while the same stood at 8,004 units a year ago, the auto major said in a statement. Commercial vehicle sales of 24,794 units were posted in the month under review, while it was at 7,508 units in the year-ago period. The company said its exports were reported at 2,028 units in May. The overseas shipments were at 1,935 units in the corresponding period of the previous fiscal. "With sales of 26,632 SUVs in May, we continued the growth momentum with all our brands performing well, including XUV700 and Thar," M&M President (Automotive Division) Veejay Nakra said. The company is witnessing strong bookings and have a robust pipeline, he added. "We announced the launch of Scorpio-N, which is generating very high .

M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs

Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago

Mahindra Partners invests Rs 206 cr in Centre for Sight for network growth

Co-invests Rs 226.5 crore with promoters to buy out venture capital firm Matrix Partners, who invested twice in the ophthalmic chain