Mahindra & Mahindra Limited (NSE: M&M, BSE: 500520) has announced the acquisition of a 57% stake in Mahindra – BT Investment Company (Mauritius) Limited (MBTICM) from its wholly-owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited (MOICML). The transaction, valued at $14.29 million (₹117 crore approx.), was completed today.
Following this acquisition, MOICML’s shareholding in MBTICM will reduce to zero, and MBTICM will become a direct subsidiary of Mahindra & Mahindra Limited. The move is part of the company’s strategy to simplify its corporate structure, improve operational efficiency, reduce costs, and enhance transparency.
MBTICM is engaged in the business of overseas investments and provides portfolio management services. For the financial year ending March 31, 2024, MBTICM reported revenue of ₹8.20 crore and a net worth of ₹192.84 crore.
The acquisition was conducted as a related-party transaction at arm’s length terms since both MOICML and MBTICM are subsidiaries of M&M.
Narayan Shankar, Company Secretary of Mahindra & Mahindra Limited, confirmed the transaction in a filing with the stock exchanges.
This acquisition aligns with Mahindra’s strategic goals to streamline its operations and strengthen its control over key subsidiaries, paving the way for greater transparency and cost efficiency
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Vikas Kaushal Appointed Chairman & Managing Director of Hindustan Petroleum Corporation Limited
Published on: March 17, 2025 at 9.00PM GMT.
GATE 2025 Results to Be Announced
The Indian Institute of Technology Roorkee (IIT-R) is set to release the results of the Graduate Aptitude Test in Engineering (GATE) 2025 on March 19. Candidates can access their scores on the official website, gate2025.iitr.ac.in, using their enrollment ID and password. The GATE scores, valid for three years, are crucial for postgraduate admissions and recruitment in public sector undertakings.
As stated in Bhagavad Gita :
कर्मण्येवाधिकारस्ते मा फलेषु कदाचन।
You have the right to perform your prescribed duties, but you are not entitled to the fruits of your actions.
