Divestment6 Aug 2026, 10:40 pm
Mahindra Overseas Sells Erkunt Foundry Stake
AI Summary
Mahindra & Mahindra Ltd announced that its wholly owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), along with its subsidiary Erkunt Traktor Sanayii Anonim Sirketi, has completed the sale of its entire stake in Erkunt Sanayi Anonim Sirketi (Erkunt Foundry). This transaction, effective August 6, 2026, results in Erkunt Foundry ceasing to be a step-down subsidiary of Mahindra & Mahindra Ltd. The company has informed the stock exchanges as per listing regulations.
Key Highlights
- Mahindra Overseas Investment Company (Mauritius) Limited has sold its stake in Erkunt Foundry.
- Erkunt Foundry is no longer a subsidiary of MOICML.
- The company has ceased to be a step-down subsidiary of Mahindra & Mahindra.
- The divestment is effective from August 6, 2026.
Price Impact
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