Mahindra & Mahindra rises on inking pact to acquire additional equity share capital in Carnot
Mahindra & Mahindra is currently trading at Rs. 3134.50, up by 31.90 points or 1.03% from its previous closing of Rs. 3102.60 on the BSE.
The scrip opened at Rs. 3100.20 and has touched a high and low of Rs. 3144.25 and Rs. 3094.30 respectively. So far 27812 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3840.00 on 05-Jan-2026 and a 52 week low of Rs. 2882.45 on 28-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3,300.95 and Rs. 2,926.75 respectively. The current market cap of the company is Rs. 389846.29 crore.
The promoters holding in the company stood at 18.45%, while Institutions and Non-Institutions held 67.80% and 13.75% respectively.
Mahindra & Mahindra has completed the execution of a Share Purchase Agreement with certain promoters of Carnot Technologies (Carnot), a subsidiary of the Company for acquisition of an additional 28.03% of the paid-up equity share capital of Carnot from such promoters.
Upon completion of the said transaction, the Company’s holding in Carnot would increase to 80.72% of the paid-up equity share capital and collectively 89% in terms of voting rights. This increase in stake is in line with the Company’s belief in the long-term potential of precision farming and telematics technology. Carnot would continue to be the Subsidiary of the Company.
