Mahindra acquires stake in Punjab Tractors

Mahindra & Mahindra has signed a deal to acquire 43.3 percent stake in Punjab Tractors.

09 Mar 2007 | 13762 Views | By Autocar Pro News Desk

Mahindra & Mahindra, India’s largest tractor and utility vehicle maker, has signed a deal to acquire 43.3 percent stake in Punjab Tractors at a price of Rs 360 per share. M&M along with its subsidiary Mahindra Holdings and Finance Ltd agreed to acquire the stake from Actis Group and the ...

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