Announced Tue, 16 Jun · 14:56 IST
M&M subsidiary MHRIL completes acquisition of Aditatva Estates for Rs 37.5 cr
Business Updates View source PDF
M&M · price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹3135.00
prior close
₹3145.70
base price
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AI summary
M&M's listed subsidiary Mahindra Holidays & Resorts India (MHRIL) has completed the 100% acquisition of Aditatva Estates Private Limited for Rs 37.5 crore in cash. Aditatva operates a coffee plantation on ~50 acres in Chikmagalur, Karnataka, and the land will be used to develop a new leisure resort. Aditatva's FY25 turnover was ~Rs 81 lakh. It is now a wholly owned subsidiary of MHRIL and a step-down subsidiary of M&M.
Likely market impact
Small tuck-in acquisition by subsidiary MHRIL for resort expansion. Negligible financial impact on M&M's core auto business.