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Mahindra and Mahindra
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this blog is in compatible with fully equiped tools making better assessment of the index and stocks...
NSE Announcements on Mah and Mah
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Mahindra & Mahindra Ltd. has informed the Exchange regarding the press release dated August 18, 2008, titled "Mahindra acquires majority stake in 3rd largest tractor company in China, forms JV with Yancheng Tractor Company". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd has informed BSE regarding the press release dated August 18, 2008, titled "Mahindra acquires majority stake in 3rd largest tractor Company in China, forms JV with Yancheng Tractor Company"...
BSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd has informed BSE that the Order of the Honourable High Court of Judicature at Bombay sanctioning the Scheme of Amalgamation of Mahindra Holdings & Finance Ltd (MHFL) with Mahindra and Mahindra Ltd ("the Scheme") from February 01, 2008 ("Appointed Date") has been filed electronically with the Ministry of Corporate Affairs on August 11, 2008.
With this, the Scheme has become effective from August 11, 2008 i.e. ("the Effective Date") and accordingly MHFL has been amalgamated with the Company and stands dissolved without being wound up.
Further to the above and pursuant to the sanction of the Scheme, the Authorised Share Capital of the Company stands increased to Rs 550,00,00,000 divided into 52,50,00,000 Ordinary (Equity) Shares of Rs 10 each and 25,00,000 Unclassified Shares of Rs 100 each....
NSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd. has informed the Exchange that: "The Order of the Honourable High Court of Judicature at Bombay sanctioning the Scheme of Amalgamation of Mahindra Holdings & Finance Limited (MHFL) with Mahindra & Mahindra Limited ("the Scheme") from 1st February, 2008 ("Appointed Date") has been filed electronically with the Ministry of Corporate Affairs on 11th August, 2008. With this, the Scheme has become effective from 11th August, 2008 i.e. ("the Effective Date") and accordingly MHFL has been amalgamated with the Company and stands dissolved without being wound up. Further to the above and pursuant to the sanction of the Scheme, the Authorised Share Capital of Mahindra and Mahindra Limited stands increased to Rs.550,00,00,000 divided into 52,50,00,000 Ordinary (Equity) Shares of Rs.10 each and 25,00,000 Unclassified Shares of Rs.100 each"....
NSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd. has submitted to the Exchange a copy of the Resolutions passed at the Annual General Meeting of the Company held on July 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on July 30, 2008....
demerger on cards
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demerger of mahindra holdings &fin is on cards...
Final Dividend Query
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mdnomanTracked by: 0 Boarder
I have not received the final dividend yet into my account. Is it too early to contact the company? Usually I receive dividends within 2-3 weeks from other companies? What should I do?
By the way, so far I haven't received the dividend from NIIT tech as well....
better to take profits
Posted by : marketbearTracked by: 0 Boarder
Since auto stocks have run up in the recent past, it will better to book profits as any negative news always take hit on the auto stocks...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd. has informed the Exchange that Pursuant to Regulation 13(6) read with 13(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations,1992, that Mr. Arun Kanti Dasgupta, Nominee Director of the Company holds Nil Equity Shares of the Company as on July 30, 2008 (i.e. Date of appointment as Director of the Company)....
NSE Announcements on Mah and Mah
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Mahindra & Mahindra Ltd. has informed the Exchange regarding the press release dated August 01, 2008, titled "Mahindra Group Consolidated Q1 Net Profit up by 36.7%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd has informed BSE regarding a Press Release titled "Mahindra Group Consolidated Q1 Net Profit up by 36.7%"....
BSE Announcements on Mah and Mah
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra & Mahindra Ltd has informed BSE that the 62nd Annual General Meeting (AGM) of the shareholders of the Company was held on July 30, 2008....
Acquisition
Posted by : Suresh27Tracked by: 0 Boarder
Ending months of speculations about its entry into the two-wheeler sector, utility vehicles and tractor major Mahindra & Mahindra on Wednesday announced the acquisition of scooter maker Kinetic Motor Company.
M&M will pay Rs 110 crore cash and a 20 per cent stake in a new company – Mahindra Kinetic Scooters and Motorcycles Ltd – to be formed to acquire the business assets of Kinetic. M&M will hold 80 per cent stake in the new company.
The Pune-based Kinetic has its main manufacturing plant in Pitampur in Madhya Pradesh.
Mahindra officials clarified that the company will not take over the liabilities of Kinetic and the acquisition cost of Rs 110 crore is subject to the closing of due diligence.
Mr Anand Mahindra, Vice-Chairman and Managing Director, M&M, is expected to head the board of the new company and Ms Sulajja Motwani, Managing Director of Kinetic Motors, will be a non-executive director in the new company. Mr Anoop Mathur, President Designate, Two-Wheeler Sector, Mahindra group, will spearhead the new business, the company said in a statement.
Mr Anand Mahindra said, “It will give us an opportunity to emerge as a full range player with a presence in almost every segment of the automobile industry. Kinetic is a strategic fit with our overall two-wheeler strategy.”
Kinetic Motors has a long-term debt of Rs 60 crore and an accumulated loss of Rs 140 crore. Kinetic Motors’ existing stakeholders, including Taiwan-based SYM, will have a pie of the 20 per cent stake in the new company .
Ms Motwani said that Kinetic will gain about Rs 110 crore, 20 per cent stake in the new company (valued at Rs 27.50-29.50 crore) and Rs 40 crore worth real estate assets by way of the transfer of assets. “Even after repaying our debts, we will be left with some surplus cash. Kinetic, as a group, would like to focus on our auto component business and infrastructure business,” she said.
Source: Businessline...
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