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Mahindra & Mahindra Ltd. has incorporated a new wholly owned subsidiary, Steer Hybren Private Limited, in Mumbai with an authorized and paid-up share capital of ₹15,00,000, comprising 1,50,000 equity shares of ₹10 each. This move aligns with Mahindra's strategy to enhance its presence in the renewable energy sector, focusing on the production and sale of electricity, including solar solutions for various segments. The acquisition, amounting to ₹15,00,000 in cash, grants Mahindra full control over Steer Hybren, potentially strengthening operational efficiencies and market positioning in the growing renewable energy landscape.