Mahindra & Mahindra has on 24 March 2023 executed a share purchase agreement to acquire 7,67,59,301 equity shares of Mahindra Aerospace (MAPL), a subsidiary of the company from other shareholders of MAPL.
Upon completion of the said transaction, the shareholding of the company in MAPL would increase from 91.59% to 100% of the equity share capital of MAPL. Consequently, MAPL would become a wholly owned subsidiary of the company.
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