M&M Financial Services concludes acquisition of 20% stake in Ideal Finance
Fri, Jul 9, 2021 10:51 AM

M&M Financial Services concludes acquisition of 20% stake in Ideal Finance

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Mahindra and Mahindra Financial Services Limited (MMFSL), a listed subsidiary of Mahindra & Mahindra Limited concluded the acquisition of 20% of the Equity Share Capital of Ideal Finance Limited from its existing shareholders. The deal resulted in an increase in MMFSL’s stake in Ideal Finance from 38.20% to 58.20%. Post this agreement, Ideal Finance has become a Subsidiary of the Company.

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