Mahindra & Mahindra Scheme of Arrangement

Sunday, May 29, 2011
By SHP

Mahindra & Mahindra Ltd. is considering a Scheme of Arrangement between Mahindra & Mahindra Ltd. and Mahindra Automobile Distributor Private Limited which is a wholly owned subsidiary of Mahindra & Mahindra Ltd.

The terms of the scheme are not announced yet but it may involve a demerger of Mahindra Automobile Distributor Private Limited to allow it to trade separately on the Indian stock exchange.

In addition to the possible demerger of the automotive business there are also reports of an additional demerger of its Agri Inputs Business.

Mahindra & Mahindra Limited is an Indian multinational conglomerate with headquarters in Mumbai. It was originally a steel trading business during the post-war period then moved into the autmotive industry and produced Willys Jeeps, the military jeeps that would common during the second world war. It went on to produce a range of popular 4 wheel drive vehicles.

Since 2008 Mahindra has been developing is automotive industry further with new models such as the Scorpio and the Bolero. It has been working in partnership with Ford and has expanded its operations to Egpyt and Brazil.

Mahindra & Mahindra Operations

As well as the automotive industry, Mahindra & Mahindra also cover:

  • Farm Equipment
  • Banking & Finance with the Kotak Mahindra Bank
  • Information Technology - Tech Mahindra, Mahindra Satyam, Bristlecone
  • Club Mahindra Holidays
  • Mahindra Defence
  • Mahindra Aerospace
  • Infrastructure & Real Estate – development of Special Economic Zones (SEZ)
  • Agriculture Farm Component
  • Healthcare

Mahindra & Mahindra was the 19th largest company in India in 2010 with a turnover of Rs 319.57 billion.

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