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Tech Mahindra to acquire more shares in Pininfarina, raise stake to 92.59%

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Tech Mahindra to acquire more shares in Pininfarina, raise stake to 92.59%
Photo / Coverage: Business Standard - LatestCredit: Akshita Singh
EXECUTIVE SUMMARY

Tech Mahindra's subsidiary currently holds 82.57 per cent of Pininfarina. Upon successful completion of the proposed transaction, its shareholding will increase to 92.59 per cent.

Key Takeaways

  • Tech Mahindra to acquire more shares in Pininfarina, raise stake to 92.59%.
  • Tech Mahindra's subsidiary currently holds 82.57 per cent of Pininfarina.
  • Upon successful completion of the proposed transaction, its shareholding will increase to 92.59 per cent.

Tech Mahindra's subsidiary currently holds 82.57 per cent of Pininfarina. Upon successful completion of the proposed transaction, its shareholding will increase to 92.59 per cent.

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