Mahindra & Mahindra inks agreement to acquire stake in Sampo Rosenlew Oy
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Mahindra & Mahindra (M&M) has executed an Option Exercise Share Purchase Agreement to acquire 1,317 equity shares of Sampo Rosenlew Oy, Finland, a subsidiary of the Company (Sampo) pursuant to exercise of a call option by the company on the other shareholder of Sampo. Pursuant to the said transaction, the shareholding and consequent voting rights of the company in Sampo would increase from 79.13% to 100% of the equity share capital of Sampo. Consequently, Sampo would become a wholly owned subsidiary of the company.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
