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    ALPHA TRIBE

    Mahindra & Mahindra Limited — Important, 10-04-2026: Diversification/Disinvestment

    10-04-2026 | 05:13 pm

    Mahindra & Mahindra is divesting its 99.04% stake in Erkunt Foundry, a step-down subsidiary, aligning with its capital allocation. M&M will infuse ~Rs 256 Cr for debt extinguishment, receiving a nominal consideration for the sale. Erkunt Foundry contributed 0.49% to consolidated turnover.

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