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- Press Release
National Housing Bank to acquire 12.5per stake in Mahindra Rural Housing Finance Venture
New Delhi: Mahindra Rural Housing Finance Ltd. (Mahindra Home Finance), a wholly owned subsidiary of Mahindra & Mahindra Financial Services Ltd. (MMFSL), today announced that the National Housing Bank (NHB) has agreed to acquire a 12.5% stake in the company. A subscription agreement between the two companies has been signed. As per this agreement, NHB will participate in the first two years’ capital raising programme(s) of Mahindra Home Finance.
12 Aug,2008 - Press Release
Mahindra Group Consolidated Net Profit up by 36.7%
Mumbai: Mahindra and Mahindra Limited today announced the unaudited financial results of the consolidated Mahindra Group for the first quarter ended 30th June 2008.
01 Aug,2008 - Press Release
M&M Q1 gross revenues up by 26%
Mumbai: The Board of Directors of Mahindra and Mahindra Limited today announced the unaudited financial results for the first quarter ended 30th June 2008 for the company and for the consolidated Mahindra Group.
30 Jul,2008 - Press Release
Punjab Tractors Ltd to merge with Mahindra & Mahindra Ltd
Mumbai: The Board of Directors of M&M and PTL today unanimously approved a scheme of amalgamation of Punjab Tractors Limited (PTL), an M&M subsidiary, with Mahindra & Mahindra Ltd. Mahindra owns a majority stake in Punjab Tractors Limited and had earlier acquired 63.33% stake in PTL in July 2007. MHFL, a wholly owned subsidiary of M&M, currently holds 1.31% of PTL, and is also in the process of being merged into M&M.
30 Jul,2008 - Press Release
Mahindra Tractors is one of India's most innovative companies
Mumbai: Mahindra & Mahindra’s Farm Equipment Sector (FES) has featured in the top 10 list of most innovative Indian companies compiled by the Wall Street Journal as part of its survey to determine Asia’s 200 most-admired and innovative companies.*
24 Jul,2008 - Press Release
Mahindra Finance income up by 20% at Rs.299 crores
Mumbai: Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), a leading player in providing financial services in the rural and semi-urban markets, has registered a growth of 20% in its Income at Rs. 299.43 crores as compared to Rs. 249.61 crores during the same quarter of the previous year. The Profit Before Tax (PBT) grew by 29.8% for the first quarter at Rs.41.87 crores as against Rs 32.26 crores in the same quarter of the previous year.
23 Jul,2008