Saturday, 17 December 2016

M&M: Intimation of a new subsidiary

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Mahindra & Mahindra Ltd has informed BSE that Mahindra Intertrade Limited ("MIL"), a wholly owned subsidiary of Mahindra Vehicle Manufacturers Limited ("MVML") which in turn is a wholly owned subsidiary of the Company, has on December 16, 2016, incorporated a Joint Venture Company named Mahindra MSTC Recycling Private Limited ("Mahindra MSTC"); MSTC Ltd., a Government of India enterprise being the Joint Venturer. Mahindra MSTC has become a 'subsidiary' of MIL and in turn of MVML and of the Company with effect from December 16, 2016.Source : BSE

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