Mahindra & Mahindra inks pact to buy 13 per cent more stake in associate

Date posted: Friday 13 March 2020

Mahindra & Mahindra said it has signed a share purchase agreement to buy additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd, an associate of the company, from its existing shareholders. The purchase of additional equity shares in MITRA Agro Equipments Pvt Ltd would support the company’s farm equipment business in the horticulture sector, it added.

(ET Auto)