Key Developments: Mahindra and Mahindra Ltd (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

31 Jul 2015
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Rs42.75 (+3.25%)
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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Ltd Launch of the New Thar CRDe
Wednesday, 22 Jul 2015 10:53am EDT 

Mahindra And Mahindra Ltd:Says will launch the New Thar CRDe.Says targeted at the off-roading enthusiasts and people wanting to make a unique style statement.  Full Article

Mahindra And Mahindra Ltd recommends dividend
Friday, 29 May 2015 04:49am EDT 

Mahindra And Mahindra Ltd:Recommends a dividend of 12 Indian rupees (240 pct) per ordinary (equity) share of the face value of 5 Indian rupees each.  Full Article

Mitsubishi Heavy Industries and Mahindra enter into strategic partnership in agricultural machinery
Thursday, 21 May 2015 12:42am EDT 

Mahindra And Mahindra Ltd:Enters into a strategic partnership in agricultural machinery with Mitsubishi Heavy Industries.Says under the definitive agreement signed, Mahindra will invest 3 billion JPY for acquiring 33 pct voting stake in MHI subsidiary, Mitsubishi Agricultural Machinery Co. Ltd through fresh issue of common shares and class A shares of MAM.Says the deal is expected to close by Oct. 1 with new funding to be used to increase MAM's capital base.  Full Article

Volvo AB in talks with Mahindra & Mahindra Ltd to assemble cars in India-Business Standard
Monday, 23 Feb 2015 12:55am EST 

Mahindra And Mahindra Ltd:Volvo AB is in talks with Mahindra & Mahindra Ltd (M&M), Hindustan Motors Ltd (HM) and General Motors (GM) India to explore the feasibility of utilising one of their facilities to locally assemble its vehicles in India-Business Standard.  Full Article

Mahindra And Mahindra Ltd and Peugeot Motocycles complete strategic partnership
Tuesday, 20 Jan 2015 07:04am EST 

Mahindra And Mahindra Ltd and Peugeot Motocycles:Have completed the necessary formalities for MTWL's 51 pct acquisition in PMTC (Peugeot Scooters).  Full Article

Mahindra And Mahindra Ltd said to be in talks to buy stake in Swedish firm-Business Standard
Wednesday, 10 Dec 2014 11:39pm EST 

Mahindra And Mahindra Ltd:Is planning to purchase a stake in National Electric Vehicle Sweden AB (NEVS), the holding company that bought assets of Saab Automobile two years ago, show documents filed in a local Swedish court-Business Standard.NEVS, which earlier ran into financial difficulties, signed a term sheet with M&M two weeks ago to begin intense negotiations.  Full Article

Mahindra And Mahindra Ltd's Mahindra Two Wheelers Ltd make binding offer to acquire 51 pct. stake in Peugeot Motocycles
Monday, 6 Oct 2014 11:31pm EDT 

Mahindra And Mahindra Ltd:Says that Mahindra Two Wheelers Ltd (MTWL), an unlisted subsidiary of Mahindra & Mahindra Ltd and part of Mahindra Group, has made binding offer to acquire 51 pct. stake in Peugeot Motocycles (PMTC), part of PSA Group based in France.PMTC (a.k.a. Peugeot Scooters), a key player in urban mobility in Europe for 116 years, is oldest motorized two-wheeler manufacturer in world.Transaction between MTWL and PSA, subject to Works Council consultation, as part of employee dialogue process and anti-trust law, would involve infusion of 15 million euros into PMTC to finance projects implemented through strategic partnership.And further sale of shares by PSA which would allow MTWL to take 51 pct. stake in PMTC.  Full Article

Mahindra And Mahindra Ltd launches Gusto-Business Standard
Monday, 29 Sep 2014 06:24am EDT 

Mahindra And Mahindra Ltd:Launched a new 110-cc scooter 'Gusto'-Business Standard.The scooter will be available in the western and northern markets of the country to begin with.  Full Article

CRISIL announces rating to Mahindra And Mahindra Ltd
Monday, 29 Sep 2014 02:19am EDT 

Mahindra & Mahindra Ltd:Says that CRISIL has upgraded its ratings on Mahindra & Mahindra Limited (M&M’s) long-term bank facilities and Non-Convertible Debenture (NCD) programme to 'CRISIL AAA/Stable' from ‘CRISIL AA+/Stable’, while reaffirming the rating on M&M’s short- term facilities and debt programme at ‘CRISIL A1+’.  Full Article

Mahindra And Mahindra Ltd to invest 40 bln Indian rupees for expansion at Chakan plant-BusinessLine
Wednesday, 27 Aug 2014 08:00pm EDT 

Mahindra And Mahindra Ltd:Invests an additional 40 bln Indian rupees for expansion at Chakan plant - BusinessLine.Investment will take place over seven years and take total investment in Chakan to 80 bln Indian rupees.Money will be utilized towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant.  Full Article

TABLE-India's Mahindra Tractors July sales down 11 pct y/y

Aug 1 - Mahindra and Mahindra Ltd's tractor sales in July: JULY 2015 JULY 2014 PCT CHANGE TOTAL SALES 15,460 17,407 -11 DOMESTIC SALES 14,273 16,379 -13 EXPORTS 1,187 1,028 15 (Reporting by Devidutta Tripathy in Mumbai)

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