NCLT Mumbai sanctions merger of Mahindra Vehicle Manufacturers with M&M

The Schemer of the merger was approved on the basis of NCLT’s hearing held on April 7, 2021, and the Pronouncement of Order on April 26, 2021.

Apr 27, 2021 11:04 IST India Infoline News Service

Mahindra & Mahindra Limited informed the exchanges that National Company Law Tribunal, Mumbai Bench (NCLT) has sanctioned the Scheme of Merger by absorption of Mahindra Vehicle Manufacturers Limited (MVML) with Mahindra and Mahindra Limited (M&M) and their respective Shareholders.

“Mumbai bench NCLT, on the basis of its hearing held on April 7, 2021 and Pronouncement of Order on April 26, 2021, approved the Scheme of Merger by Absorption of Mahindra Vehicle Manufacturers Limited (MVML) with Mahindra and Mahindra Limited (M&M) and their respective Shareholders,” company said.

At around 11.20 am, Mahindra & Mahindra Ltd was trading at Rs778.75 per piece down by Rs1.7 or 0.22% on the BSE.

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