Tech Mahindra unit to buy 10.02% more of Pininfarina for up to EUR 9.46 million
TECHM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Tech Mahindra subsidiary PF Holdings has committed to tender for 7,886,000 Pininfarina shares at EUR 1.20 each, costing up to EUR 9.46 million. On completion, its stake would rise from 82.57% to 92.59%. The broader tender covers up to 17.42% of Pininfarina. Completion requires Italian Council of Ministers approval and is targeted by 31 December 2026. Pininfarina is pursuing delisting from Borsa Italiana.
Increases ownership in Pininfarina and supports its planned delisting; the small cash purchase is unlikely to materially affect Tech Mahindra shares.