Mahindra to fully acquire Mahindra Racing UK for about Rs 14 crore
M&M · price
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MOICML, M&M's Mauritius subsidiary, will buy 100 percent of Mahindra Racing UK from Tech Mahindra London for GBP 1.20 million (about Rs 14 crore) cash. MRUK races in Formula Electric Championship; FY25 revenue Rs 357.56 crore, net worth Rs 40.56 crore. Expected close: 31 December 2025. Related party transaction at arm's length. Move helps M&M tap engineering expertise and boost EV brand visibility through racing livery.
Small deal at about Rs 14 crore versus M&M's size. Strategic play to boost EV brand via Formula E. No open offer triggered.