Mahindra & Mahindra Limited — JV/Acquisition, 27-04-2026: Acquisition

Mahindra & Mahindra has strengthened its position in future tech by acquiring an additional 28.03% stake in its subsidiary, Carnot Technologies, for ~Rs. 6.72 crore. M&M's total holding in Carnot, which develops internet-connected devices for vehicles and equipment, now reaches 80.72% equity and 89% voting rights. This strategic move deepens M&M's commitment to precision farming and telematics technology, solidifying its presence in a high-growth sector.