Subsidiary17 Oct 2026, 01:01 pm
Mahindra & Mahindra stake in NDET drops to 49.63%
AI Summary
Mahindra & Mahindra Ltd (M&M) announced that its aggregate stake in NDET has reduced from 72.07% to 49.63% following an additional equity share allotment by NDET. Consequently, NDET has ceased to be a step-down subsidiary of M&M. This change is in compliance with applicable Listing Regulations.
Key Highlights
- M&M's stake in NDET reduced to 49.63%.
- NDET is no longer a step-down subsidiary.
- Change follows additional equity share allotment by NDET.
- Company is in compliance with Listing Regulations.
Price Impact
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