Mahindra Mahindra hikes stake in MITRA Agro Equipments

24 Feb 2022 , 01:34 AM

Mahindra Mahindra announced that the company today in exercise of its Call Option under the relevant Shareholders Agreement SHA has signed a Share Purchase Agreement for acquiring not more than 21875 Equity Shares of Rs10 each at a premium of Rs319223 per Equity Share from the existing shareholders of MITRA Agro Equipments MITRA an Associate of the Company The shareholding of the Company in MITRA would stand increased to 4733Percentage on a fully diluted basis from the present 3902Percentage on a fully diluted basis upon completion of the captionedtransaction