Acquisitions28 Jun 2025, 03:16 am
Mahindra & Mahindra Subsidiary Acquires 100% Stake in Shreyas Stones for Rs. 199 Crore
AI Summary
Mahindra & Mahindra Ltd. announced that its subsidiary, Mahindra Lifespace Developers Limited (MLDL), has completed the acquisition of 100% equity share capital of Shreyas Stones Private Limited (SSPL) for a cash consideration of Rs. 199 Crore. SSPL, incorporated in 2017, is involved in exploring metals and minerals. The acquisition will result in SSPL becoming a wholly-owned subsidiary of MLDL and, consequently, a subsidiary of Mahindra & Mahindra.
Key Highlights
- Mahindra Lifespace Developers Limited (MLDL), a listed subsidiary of Mahindra & Mahindra, has acquired 100% equity share capital of Shreyas Stones Private Limited (SSPL).
- The acquisition was completed through a Share Purchase Agreement (SPA) for a cash consideration of Rs. 199 Crore.
- SSPL is involved in exploring metals and minerals and was incorporated in 2017 with its registered office in Bangalore, Karnataka.
- Upon completion of the transaction, SSPL will become a wholly-owned subsidiary of MLDL and, consequently, a subsidiary of Mahindra & Mahindra.
- SSPL had nil turnover during the last 3 years and owns land in Navaratna Agrahara Village, Doddajala Hobli, Yelahanka Taluk, Bangalore District.