Mahindra Holdings raises stake in two associates, now M&M subsidiaries
Published on 11/09/2025 08:13 PM
Mahindra Holdings raises stake in two associates, now M&M subsidiariesMahindra Holdings, a wholly owned arm of M&M, has acquired stakes in Mahindra & Mahindra Contech and PSL Media, making them subsidiaries.By Sheersh Kapoor September 11, 2025, 8:13:19 PM IST (Published)2 Min ReadMahindra Holdings Limited (MHL), a wholly owned arm of Mahindra & Mahindra (M&M), on Thursday said it has entered into definitive agreements with Prudential Management & Services to acquire stakes in two group companies — Mahindra & Mahindra Contech Limited (MMCL) and PSL Media & Communications Limited (PSL).
Following the transaction, both MMCL and PSL will move from associate status to become subsidiaries of MHL, and consequently of M&M.
The company said the restructuring is part of its ongoing efforts to simplify its corporate structure, improve operational efficiency and cut costs, while also ensuring greater transparency in its reporting.
As part of the deal, M&M’s stake in MMCL will rise to 99.99% and in PSL to nearly 72%. In turn, New Democratic Electoral Trust (NDET) and Kota Farms Services Limited (KFSL), which are linked to the acquired entities, will also become subsidiaries of M&M.
MMCL, set up in 1992, provides advisory, consultancy and human resource services, while PSL, incorporated in 1939, has interests in publishing and advertising.
NDET functions as a Section 8 not-for-profit company that allocates funds to registered political parties, while KFSL operates in the agriculture and food services sector, with exposure to inputs and allied businesses.
The acquisition, the company added, is expected to streamline group operations and consolidate control over these entities, reducing overlaps and aligning resources with M&M’s long-term growth strategy.
Shares of Mahindra & Mahindra ended at ₹3,597 on the NSE, down 0.21% on Thursday.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMahindra and MahindraMahindra and Mahindra share priceshare market todaystake buy