Corporate News     23-Sep-23
Mahindra & Mahindra Financial Services acquires balance 20% stake in Mahindra Insurance Brokers
Mahindra & Mahindra Financial Services has completed the acquisition of balance 20% stake i.e. 20,61,856 equity shares of Rs. 10 each at a price of Rs 1001 per share of Mahindra Insurance Brokers (MIBL), a subsidiary of the company, from Inclusion Resources.

Consequently, MIBL has become a wholly owned subsidiary of the Company with effect from 22 September 2023.

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