Ideal Finance rebrands itself to Mahindra Ideal Finance

• New identity aims to capitalize on Mahindra Finance’s wide range of expertise
• Rebranding exercise is an important step on the journey to make Mahindra Ideal Finance a leading provider of financial services in Sri Lanka

Sri Lanka/Mumbai, February 24, 2022: Ideal Finance Limited, a subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced the rebranding of its company name to Mahindra Ideal Finance Limited (MIFL).

Manulife Investment Management acquires 49 percent in Mahindra Asset Management Company

The joint venture will focus on expansion of fund offerings and long term wealth creation

Press Statement from M &M on the Joint Venture with BAE Systems

Mumbai: Mahindra & Mahindra and BAE Systems are disappointed that approval is not forthcoming at this stage for the proposed 49% foreign shareholding in the intended Indian Land Systems Joint Venture. We are encouraged that Ministerial statements indicate that the prospect of a 49% foreign shareholding in defence JV enterprises remains an open issue for the future. We jointly remain of the view that the proposed 51/49 split properly reflects the shared vision and what both companies would be bringing to the intended JV.