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Corporate News
08-Jul-21
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Mahindra & Mahindra Financial Services hikes stake in Ideal Finance
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From 38.20% to 58.20%
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Mahindra & Mahindra announced that its subsidiary, Mahindra & Mahindra Financial Services (MMFSL) has completed the acquisition of 20% of the Equity Share Capital of Ideal Finance from its existing shareholders, resulting in an increase in MMFSL's stake in Ideal Finance from 38.20% to 58.20%.
Consequent to this investment by MMFSL, Ideal Finance has become a Subsidiary of MMFSL and in turn has become a subsidiary of the Company, effective 8 July 2021.
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