Mahindra & Mahindra Limited has informed the Exchange about Cessation of Blue Planet Integrated Waste Solutions Private Limited as an Associate of the Company
M&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahindra & Mahindra has sold its remaining 20% stake in Blue Planet Integrated Waste Solutions Private Limited (BPIWSPL) to Blue Planet Environmental Solutions India Private Limited (BPES India), an affiliate of Blue Planet Environmental Solutions Pte Ltd., on 2nd March 2026. Following this sale, M&M's shareholding in BPIWSPL has become nil, and BPIWSPL has ceased to be an associate of the company. The total consideration received was approximately Rs. 5.07 crore. BPIWSPL had a gross revenue of around Rs. 5.97 crore for FY25 and a net worth of about Rs. 9.03 crore, contributing only around 0.002% to M&M's consolidated net worth. The buyer is not part of the promoter/promoter group, and the transaction is not a related party transaction.
This is a minor divestment with negligible financial impact on M&M, given BPIWSPL's tiny contribution (0.002%) to consolidated net worth. Shareholders are unlikely to see any material effect on the stock price or business outlook from this transaction.