Mahindra & Mahindra (M&M) Ltd is looking at a demerger of the agri inputs business of its subsidiary Mahindra Shubhlabh Services Ltd (MSSL) into the company.
M&M has informed the Bombay Stock Exchange that a meeting of the Board of Directors of the company will be held on March 30, 2010 to consider a scheme of arrangement between MSSL and M&M and their respective shareholders and creditors, which envisages demerger of the Agri Inputs Business of MSSL into the company.