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India

Mahindra, India updates about cessation of MEAL as a wholly owned subsidiary

On September 26, Mahindra & Mahindra Limited (M&M) received an intimation from MEAL (Mahindra Electric Automobile Limited) that it allotted 100 equity shares to BII (British International Investment Plc) for cash. Consequent to the above, MEAL has ceased to be a wholly owned subsidiary of the company with effect from....

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