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Mahindra & Mahindra announces cessation of step down subsidiary in Finland

9 Apr 2022 , 10:18 AM

Mahindra & Mahindra announced that the company has received an intimation from Mahindra Holidays & Resorts India, a listed subsidiary of the Company (MHRIL) informing that Kiinteist? Oy Rauhan Liikekiinteist?t 1 (Kiinteist?), incorporated in Finland, has been merged with Supermarket Capri Oy (Supermarket), with effect from 8 April 2022. Kiinteist? and Supermarket are wholly owned subsidiaries of Holiday Club Resorts Oy, Finland (HCR), which in turn is a wholly owned subsidiary of the MHRIL and a subsidiary of the Company.

Pursuant to the above, Kiinteist? has ceased to be a subsidiary of HCR, MHRIL and consequently, that of the Company with effect from 8 April 2022.

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