M&M incorporates new subsidiary Mahindra Solarize to undertake Distributed Energy biz; Stock gains 1%

Mahindra Susten has incorporated Mahindra Solarize as a wholly-owned subsidiary.

Apr 07, 2021 01:04 IST India Infoline News Service

Auto-giant, Mahindra & Mahindra (M&M) has announced that Mahindra Susten has incorporated  Mahindra Solarize as a wholly-owned subsidiary.

Mahindra Susten is a wholly-owned subsidiary of Mahindra Holdings which is a wholly-owned subsidiary of M&M.

Mahindra Solarize is incorporated to mainly undertake the business for Distributed Energy including rooftop solar installation for the commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry-based products including Engineering Procurement & Construction (EPC).

At around 1.29 pm, M&M was trading at Rs791.15 per piece up by 1.27% on Sensex. 

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