Login
New Cars
Explore
Find CarsCompare CarsUpcoming CarsFind Car DealersFind Car Service Centers
Research
Newly Launched CarsElectric CarsPopular CarsAutomatic CarsBest Mileage Cars
Trending Cars
New Maruti Suzuki 2025 DzireSkoda KylaqSkoda KodiaqHonda New AmazeNew Hyundai Verna
Popular Car Comparision
Kia Seltos vs Hyundai CretaHyundai Verna vs Honda CityMaruti Suzuki Fronx vs Maruti Suzuki BalenoMaruti Suzuki Brezza vs Tata NexonMaruti Suzuki Jimny vs Mahindra Thar
Upcoming Cars
Mahindra BE 6eMahindra XEV 9eHyundai New Kona ElectricKia SyrosHonda New Amaze
By Budget
Cars Under ₹ 10 LakhCars Under ₹ 15 LakhCars Between ₹ 15 - ₹ 25 LakhCars Between ₹ 25 - ₹ 40 LakhCars Over ₹ 40 Lakh
By Lifestyle
Affordable CarsAdventure CarsHatchback CarsSedan CarsSUV Cars
By Brand
Tata CarsMaruti Suzuki CarsKia CarsMahindra CarsHyundai Cars
New Bikes
Explore
Find BikesCompare BikesUpcoming BikesFind Bike DealersFind Bike Service Centers
Research
Newly Launched BikesElectric BikesPopular BikesAdventure BikesBest Mileage Bikes
Trending Bikes
Oben Electric RorrHero XPulse 210Hero XPulse 200 4VUltraviolette F77 Mach 2Hero Mavrick 440
Popular Bike Comparisions
Honda Activa 125 FI vs TVS Ntorq 125Honda Activa 6G vs TVS JupiterHonda Activa 125 vs TVS JupiterBajaj Pulsar RS 200 vs Hero Karizma ZMRTVS Apache RR 310 vs Royal Enfield Bullet 350
Upcoming Bikes
Kawasaki Z400Royal Enfield Goan Classic 350Suzuki GSX-8RYamaha Tenere 700CFMoto 400GT
By Budget
Bikes Under ₹ 50000Bikes Between ₹ 50K - ₹ 70KBikes Between ₹ 70K - ₹ 1LBikes Between ₹ 1L - ₹ 3LBikes Above ₹ 3L
By Lifestyle
Affordable BikesCommuter BikesScootersSports BikesCruiser Bikes
By Brand
Royal Enfield BikesHero BikesHonda BikesTVS BikesYamaha Bikes

Mahindra and Mahindra To Expand Stake In Swaraj Engines Ltd

The company proposes to expand its stake from 34.72% to 52.13% via acquisition of shares from Kirloskar Industries Limited.
Calendar-icon

By Jaiveer Mehra

clock-icon

1 mins read

Calendar-icon

Published on September 21, 2022

Follow us on

google-news-icon
Story

Highlights

  • Mahindra to increase stake in Swaraj Engines to over 50%
  • Plans to acquire shares worth about Rs 296 crore
  • Swaraj Engines to become a Mahindra subsidiary post acquisition of new stake

Mahindra and Mahindra is set to acquire a greater stake in Swaraj Engines Ltd (SEL) the company said in a regulatory filing. The company said it would acquire an additional 17.42% stake in the company worth about Rs 296 crore from Kirloskar Industries Limited.

The newly acquired equity shares will see Mahindra’s stake in SEL rise from the existing 34.72% up to 52.13%. Post the acquisition SEL will become as a subsidiary of Mahindra and Mahindra from its current status as an Associate of the Company.

In all Mahindra is set to acquire 21,14,349 equity shares from Kirloskar Industries Limited.

SEL is in the business of manufacturing diesel engines and components for use in tractors. The company has been supplying units to Mahindra and Mahindra’s farm equipment sector among others. The company had reported a total revenue of Rs 1,138.15 crore in the previous financial year.
 

Calendar-icon

Last Updated on September 21, 2022

# Mahindra and Mahindra# Mahindra and Mahindra Ltd# Mahindra and Mahindra Farm Equipment Sector# Commercial Vehicles# Auto Industry# Cars
Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

Related Articles

  • Mahindra has increased prices of the XUV 3XO compact SUV for the first time since its launch.
    Mahindra XUV 3XO Prices Hiked By Up To Rs 30,000; Range Now Starts At Rs 7.79 Lakh
  • The manufacturer also said that it would hike the prices of its commercial vehicle range
    Mahindra Auto To Hike Prices For SUV Range From January 2024
  • The company's overall auto sales for the month reached 80,679 vehicles, marking a 32 per cent growth, including exports
    Auto Sales October 2023: Mahindra Registers Highest Ever SUV Sales Of 43,708 Units In India
  • In March 2023, IFC pledged to invest up to Rs 600 crore in one or more tranches
    Mahindra Last Mile Mobility Secures Rs 300 Crore From International Finance Corporation
  • Between July and September 2023, Tata Motors Group’s collective sales stood at 3,42,376 units, witnessing 7 per cent growth compared to what it sold during the same period in FY 2023.
    Tata Motors Group Reports Global Wholesales Of 3,42,376 Units In Q2 FY24

Latest News

  • Royal Enfield will launch the Goan Classic 350, the fifth addition to its 350 cc lineup on November 23
    Royal Enfield Goan Classic 350 vs Classic 350: Differences Explained
  • The Ioniq 9 underpins the brand’s E-GMP platform and is offered in Long Range and Performance trims in RWD and AWD forms.
    Hyundai Ioniq 9 Electric SUV Revealed: 3 Rows Of Seats, 620 Km Range
  • Newest promo for Honda 2 Wheeler India’s upcoming electric scooter confirms it will feature two of Honda’s swappable Mobile Power Packs; swapping network presently operational in Karnataka only.
    Honda’s Electric Scooter For India To Feature Two Swappable Batteries
  • Prices for the fifth motorcycle to sport the 349cc J-series engine will be announced on November 23.
    Royal Enfield Goan Classic 350: In Pictures
  • The Goan Classic 350 is a bobber-styled version of the standard Classic 350
    Royal Enfield Goan Classic 350 Unveiled; Launch On November 23
  • New platform targets North America and other markets where body-on-frame pick-up trucks and SUVs are popular.
    Stellantis Unveils New STLA Frame Architecture For Body-On-Frame SUVs, Pick-Up Trucks
  • The Cromwell series of motorcycles are the top-of-the-range in Brixton India's portfolio. Here are detailed images of the Cromwell 1200 and the Cromwell 1200 X bikes.
    Brixton Cromwell 1200, Cromwell 1200 X: In Pictures
  • Special edition Wrangler 4xe packs in period-correct looks inspired by the iconic World War 2 military off-roader.
    Jeep Wrangler 4Xe Willys 41 Unveiled; Pays Homage To Iconic Willys Jeep
  • With the update, the ES gets a range of subtle styling tweaks, revised interior layout alongside a range of new features
    Lexus ES Facelift Unveiled At 2024 Guangzhou Auto Show
  • Brixton India’s most accessible line is the Crossfire 500 range. Here are detailed images of the 500 X and 500 XC.
    Brixton Crossfire 500 X, Crossfire 500 XC: In Pictures
car&bike
About Us
New Cars
Used Cars
New Bikes
Sell Your Car
Terms and Conditions
Privacy Policy
Investor Relations
Popular Car Brands
Maruti Suzuki
Hyundai
Tata
Volkswagen
Honda
Mahindra
Kia
MG
Popular Car Models
Mahindra XUV 3XO
Hyundai Creta
Maruti Suzuki Alto 800
Toyota Fortuner
Tata Punch EV
Mahindra Scorpio Classic
Mahindra XUV300
Toyota Innova Crysta
Popular Bike Brands
Royal Enfield
Honda
KTM
Bajaj
Yamaha
TVS
Hero
Kawasaki
Popular Bike Models
Hero XPulse 200 4V
Royal Enfield Hunter 350
Bajaj Pulsar 150
Bajaj Pulsar N250
Royal Enfield Classic 350
Yamaha FZ-X
Bajaj Avenger Cruise 220
Honda CB Unicorn 160
Keep in Touch
car&bike Youtubecar&bike Twittercar&bike Instagramcar&bike Facebookcar&bike LinkedIn
Fifth Gear Ventures Ltd
602, 6th Floor, Tower – B, Embassy 247, LBS Marg, Vikhroli (West), Mumbai - 400083
Contact: 9606045096
Email: contact@carandbike.com
© Copyright Fifth Gear Ventures Ltd 2024. All rights reserved