M&M to consolidate agri biz under Mahindra Shubhlabh Services – Feedback

Homegrown diversified group Mahindra & Mahindra (M&M) today announced plans to consolidate its agri business under a single entity by transferring its agriculture division to a wholly-owned arm.

Company’s Board of Directors approved a proposal to transfer the agri business to Mahindra Shubhlabh Services Ltd (MSSL), M&M said in a BSE filing. The agri business of the company consists of crop care, seeds, pulses, edible oils, basmati rice, potato, potato flakes and dairy, besides an investment in Mahindra HZPC Pvt Ltd (MHZPC) – a joint venture with HZPC Holland BV for seed potatoes, it added.

http://www.moneycontrol.com/news/business/mm-to-consolidate-agri-biz-under-mahindra-shubhlabh-services_5446921.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *