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Mahindra and Mahindra Ltd (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

1,372.00INR
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Latest Key Developments (Source: Significant Developments)

Ssangyong Motor to raise 5.13 bln won in private placement
Wednesday, 15 Feb 2017 04:03am EST 

Ssangyong Motor Co Ltd <003620.KS> :Says it will issue 729,300 shares of the company in private placement, at 7,040 won/share, to raise 5.13 billion won in proceeds for operations.  Full Article

Mahindra & Mahindra Dec-qtr profit up about 33 pct
Friday, 10 Feb 2017 03:41am EST 

Mahindra & Mahindra Ltd : Dec quarter net profit 11.12 billion rupees . Consensus forecast for Dec quarter profit was 8.69 billion rupees . Dec quarter total revenue from operations 117.78 billion rupees . Net profit in Dec quarter last year was 8.34 billion rupees as per Ind-AS; total revenue from operations was 116.07 billion rupees . Says auto industry adversely imapcted in Q3 FY 2017 due to demonetization .The profit alert was first sourced from TV and was later confirmed as 11.12 billion rupees from a company press release at the National Stock Exchange.  Full Article

Mahindra and Mahindra Jan total sales down about 10 pct
Wednesday, 1 Feb 2017 05:25am EST 

Mahindra and Mahindra Ltd : January total sales of 39,303 units versus 43,789 units last year . Says January passenger vehicle sales of 20,096 units versus 22,088 units last year . Says January domestic sales of 37,042 units versus 40,693 units last year . January exports of 2,261 units versus 3,096 units last year . Says January domestic tractor sales of 14,776 units versus 14,402 units last year .Expect positive environmental factors in terms of higher rabi sowing and better MSPs will drive demand in coming months.  Full Article

Mahindra & Mahindra buys 75.1 pct stake in Turkey-based Hisarlar Makina
Thursday, 19 Jan 2017 11:08pm EST 

Mahindra and Mahindra Ltd : Signed share subscription agreement to subscribe up to 75.1 percent share capital of Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi . Says deal will help co in growing farm equipment business in Turkey and Europe . Deal expected to be completed in around 3 months . Co to invest Turkish Lira 71 million as capital infusion in Hisarlal for acquiring stake . Consideration for deal in cash . Says as part of deal EBRD is increasing shareholding to 18.7 percent, will be able to nominate a board of director .As part of deal, Darby Converging Europe Fund III will exit its investment.  Full Article

Mahindra & Mahindra December total sales down about 4 pct
Monday, 2 Jan 2017 02:15am EST 

Mahindra and Mahindra Ltd : December total sales of 36,363 units versus 37,915 units last year . Says December domestic sales of 34,310 units versus 34,839 units last year . December exports of 2053 units versus 3,076 units last year . Says December domestic tractor sales of 12,619 units versus 11,686 units last year . Says December passenger vehicle sales of 16,698 units versus 18,197 units last year . Says auto industry continues to go through challenging times, grappling with short term effects of demonetisation, reduced purchase decisions .Says believe there will be a gradual pick-up in demand starting next few months.  Full Article

Mahindra & Mahindra regroups businesses under auto, farm equipment, agri sectors
Wednesday, 28 Dec 2016 02:35am EST 

Mahindra & Mahindra Ltd : Says announced a restructuring of businesses under Pawan Goenka, managing director, M&M Ltd . Says Rajan Wadhera appointed president, automotive sector, following Pravin Shah's retirement . Says regroups businesses under 3 sectors, automotive, farm equipment and newly formed agriculture sectors . Says subsequent to the restructuring announcement, the respective business heads have also been re-designated . Says Mahindra trucks and buses and the construction equipment businesses will now be an integral part of the automotive sector . Says company formed a new sector, the agriculture sector .All changes will be effective April 1, 2017.  Full Article

Mahindra & Mahindra unit MASL to buy up to 60 pct equity stake in OFD Holding BV
Monday, 5 Dec 2016 04:53am EST 

Mahindra and Mahindra Ltd : Says unit MASL agreed to buy up to 60 percent of equity share capital of OFD Holding BV . Says acquisition expected to be completed by Jan 2017 . OFD would become unit of MASL and in turn, of co .Says deal for consideration of up to 360 million rupees.  Full Article

Mahindra & Mahindra November total sales down about 22 pct
Thursday, 1 Dec 2016 03:33am EST 

Mahindra and Mahindra Ltd : November total sales of 32,499 units versus 41,590 units last year . November domestic sales of 29,814 units versus 39,383 units last year . November exports of 2,685 units versus 2,207 units last year . November passenger vehicle sales of 13,217 units versus 19,662 units last year . November domestic tractor sales of 15,918 units versus 20,819 units last year . November total tractor sales of 17,262 units versus 21,717 units last year . Says "sudden announcement of demonitization has brought in an immediate disruption and uncertainty" .Says demonetization impact to be short term.  Full Article

Mahindra & Mahindra to buy 100 pct stake in Mahindra Two Wheelers Europe Holdings
Tuesday, 27 Sep 2016 08:45am EDT 

Mahindra and Mahindra: Says agreeing to acquire 100% of the share capital of the investee company. .Says deal for Euro 26.3 million.  Full Article

Mahindra and Mahindra August total sales up 13.9 pct<003620.KS>
Thursday, 1 Sep 2016 04:27am EDT 

Mahindra and Mahindra Ltd : August total sales of 40,591 units versus 35,634 units last year . August passenger vehicle sales of 18,246 units versus 14,198 units last year . August domestic sales of 36,944 units versus 32,122 units last year . August exports of 3,647 units versus 3,512 units last year . August domestic tractor sales of 12,327 units versus 10,751 units last year . August total tractor sales of 13,543 units, up 16 percent .  Full Article