Corporate Announcement
Security Code : 500520    Company : M&M    
 
Outcome of Board MeetingDownload PDF
  Exchange Disseminated Time     03/12/2016 15:35:51
Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 03, 2016, has subject to requisite approvals/consents, approved the Scheme of Arrangement between Mahindra Two Wheelers Limited, a step-down subsidiary of the Company ("MTWL") and the Company and their respective Shareholders and Creditors which, inter alia, envisages demerger of the Two Wheeler Undertaking of MTWL (which consist of manufacturing and selling of Two Wheelers) and transfer and vesting thereof as a going concern into the Company and other consequential matters under the provisions of sections 391 to 394 read with sections 100 to 104 of the Companies Act, 1956 and notified section 52 of the Companies Act, 2013. MTWL is a subsidiary of Mahindra Vehicle Manufacturers Limited ("MVML") which in turn is a wholly owned subsidiary of the Company.
 

Disclaimer

Back To Announcements