Mahindra & Mahindra Limited — JV/Acquisition, 15-03-2025: Amalgamation/Merger

Mahindra & Mahindra Ltd. has effective amalgamated its wholly owned subsidiary, Fifth Gear Ventures Limited (FGVL), with Mahindra First Choice Wheels Limited (MFCWL). This strategic move aims to consolidate operations, enhance capital efficiency, and reduce regulatory complexities. FGVL, with a net worth of ₹15.34 crore and turnover of ₹29.11 crore, will no longer be a subsidiary as of the effective date. The merger is expected to streamline management, improve operational efficiencies, and enhance financial strength for the combined entity, benefiting stakeholders without any cash consideration or changes in shareholding for the parent company.