On 31 October 2014
Mahindra CIE Automotive announced that the Hon'ble Bombay High Court has sanctioned the scheme of amalgamation between Mahindra Hinoday Industries, Mahindra Ugine Steel Company, Mahindra Gears International, Mahindra Investments (India), Participaciones Internacionales Autometal Tres, S.L. and the Company and their respective shareholders and creditors ("Integrated Scheme") on 31 October 2014.The Integrated Scheme is subject to other approvals, including approval of the Foreign Investment Promotion Board and the Reserve Bank of India.
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