Mahindra & Mahindra Limited — JV/Acquisition, 30-05-2026: Acquisition

Mahindra & Mahindra has incorporated Mahindra Manulife Insurance Limited (MMIL), a 50:50 Joint Venture with Manulife Holdings. M&M invested Rs. 0.5 Cr for its 50% stake in the initial Rs. 1 Cr paid-up capital. This strategic move establishes M&M in the life insurance sector, aiming to address India's protection gap. MMIL will leverage M&M's extensive distribution network, especially in rural and semi-urban markets, combined with Manulife's global expertise in product innovation and digital solutions. The venture focuses on offering customer-first, AI-native long-term savings and protection products, expanding M&M's financial services footprint.