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

MAHM.BO on Bombay Stock Exchange

1,214.20INR
5:20am EST
Price Change (% chg)

Rs-5.60 (-0.46%)
Prev Close
Rs1,219.80
Open
Rs1,250.00
Day's High
Rs1,250.00
Day's Low
Rs1,208.00
Volume
55,613
Avg. Vol
70,281
52-wk High
Rs1,421.00
52-wk Low
Rs846.65

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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Ltd's agri division enters into Joint Venture with HZPC
Wednesday, 23 Apr 2014 04:31am EDT 

Mahindra And Mahindra Ltd:Says Agri division of Mahindra & Mahindra Ltd, signed a joint venture agreement with HZPC, Holland.Joint venture will have Mahindra and HZPC holding 60 and 40 percent equity respectively in the company.  Full Article

Mahindra And Mahindra Ltd announces High Court approval of scheme of arrangement
Friday, 7 Mar 2014 06:23am EST 

Mahindra And Mahindra Ltd:Says Hon’ble High Court of Judicature at Bombay has approved a scheme of arrangement.The arrangement between Mahindra Trucks and Buses Ltd (MTBL), a subsidiary the company.  Full Article

Mahindra And Mahindra Ltd Announces Board Change
Wednesday, 13 Nov 2013 03:23am EST 

Mahindra And Mahindra Ltd announced that the Board of Directors of the Company at its Meeting held on November 13, 2013, has approved that the Mr. Bharat Doshi, Executive Director and Group Chief Financial Officer (CFO) of the Company has decided to step down from his executive position with effect from the close of working hours on November 13, 2013. Mr. V. S. Parthasarthy has been appointed as the CFO of the Company with effect from November 14, 2013.  Full Article

Mahindra And Mahindra Ltd To Enter Branded Fruits Business - Business Standard
Tuesday, 29 Oct 2013 07:33am EDT 

Business Standard reported that Mahindra And Mahindra Ltd is planning to commercialize banana ripening as a backward integration to support its launch of branded fruits early next month. The Company entered into banana procurement, ripening and marketing in August this year on pilot basis in Delhi. It is set to introduce long, spotless bananas with increased shelf life on commercial basis next month and expand its forte to Mumbai early next year. M&M has engaged over 100 farmers primarily in two states Gujarat and Uttar Pradesh for working closely with them under its Farm Tech Prosperity scheme. It provides seed, fertilizer and herbicides in addition to timely guidance on improved farm practices to them for better productivity. Later, it wants to expand its banana farming to Maharashtra also.  Full Article

Mahindra And Mahindra Ltd Announces Issue And Allotment Of Equity Shares
Tuesday, 8 Oct 2013 03:45am EDT 

Mahindra And Mahindra Ltd announced the issue and allotment of a total of 33,509 equity shares of INR10 each of the Company on exercise of stock options.  Full Article

Mahindra And Mahindra Ltd Announces Mahindra Truck & Bus Business To Demerge Into M&M Ltd. To Operate As New Division
Wednesday, 14 Aug 2013 06:31am EDT 

Mahindra And Mahindra Ltd announced that it had reaffirmed its commitment to its truck and bus division, Mahindra Navistar Automotive Ltd. as Mahindra Trucks and Buses Ltd. (MTBL), which is a wholly owned subsidiary and part of the USD16.2 billion Mahindra Group. Subject to regulatory approvals, the Company also intends to demerge its trucks and buses operations from MTBL into Mahindra & Mahindra to derive greater synergies. It also announced plans to invest INR2 billion to further strengthen its existing product line up and start exploratory work for new product lines that could lead to further capital infusion of over INR3 billion in due course. Mahindra Trucks and Buses Ltd. has also announced new branding for its heavy commercial vehicle range. The multi-axle trucks will now be called Mahindra TRUXO 25 and TRUXO 31; Tractor Trailers will be called Mahindra TRACO 35 and TRACO 40; and the tippers will be called Mahindra TORRO 25 and TORRO 31.  Full Article

Mahindra And Mahindra Ltd Begins To Costs Jobs In Auto Sector-Business Standard
Monday, 15 Jul 2013 09:22am EDT 

Business Standard reported that Mahindra And Mahindra Ltd has laid off 500 temporary workers as production dipped at its manufacturing plants at the backdrop of rising inventory levels. Last week the company announced production holidays ranging from 1 to 8 days during the remaining period of this month at its plants to avoid pile up of inventory and keep production in line with retail demand. The Company has also signalled that the INR5 billion capital expenditure lined up for this year and next two years may get postponed by 1-2 years as existing capacities will take more time to reach peak levels. The Company is however yet to take a concrete call on this.  Full Article

Mahindra And Mahindra Ltd Joins Hands With Central Bank Of India For Auto Loans-Business Standard
Monday, 15 Jul 2013 05:06am EDT 

Business Standard reported that Mahindra And Mahindra Ltd has tied up with Central Bank of India for financing facilities for its entire range of vehicles, except two-wheelers. As per the agreement, Mahindra customers will be able to avail loans for purchase of three-wheelers, cars and commercial vehicles of the company. The tie-up will enable both M&M and Central Bank of India to leverage on the strengths of each others' network of over 250 dealers and 4,300 branches, respectively.  Full Article

Mahindra And Mahindra Ltd Announces Allotment Of 5,000 numbers Of 9.55% Senior Unsecured Redeemable Non-convertible Debentures
Thursday, 4 Jul 2013 09:40am EDT 

Mahindra & Mahindra Ltd announced that the Company on July 04, 2013 has allotted 5,000 numbers of 9.55% Senior Unsecured Redeemable Non-convertible Debentures of the face value of INR1,000,000 each for cash at par aggregating INR5 billions (INR500 Crores) to Yes Bank Limited.  Full Article

Mahindra And Mahindra Ltd Sells 50-Year Bond-DJ
Wednesday, 3 Jul 2013 09:14am EDT 

Dow Jones reported that Mahindra And Mahindra Ltd has raised INR 5 billion ($83 million) by selling the 50-year bond ever, a company executive said. The money will be used for long-term capital expenditure, refinancing old debt and as working capital. Yes Bank Ltd. was the sole manager for the bond sale.  Full Article

India's Mahindra November vehicle sales down 13 pct y/y

Dec 1 - India's Mahindra & Mahindra Ltd vehicle sales in November: Nov 2014 Nov 2013 Pct chg TOTAL SALES 34,292 39,254 -13 DOMESTIC SALES 32,100 36,261 -11 PASSENGER VEHICLES 13,765 16,771 -18 EXPORTS 2,192 2,993 -27 NOTE: Mahindra & Mahindra is India's largest manufacturer of utility vehicles and sports utility vehicles (SUVs). (Reporting by Sume

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