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Tuesday, 27 June 2017

Mahindra & Mahindra (M&M) Limited, in its BSE filing on Monday said that Mahindra Waste Energy Solutions is incorporated as its new subsidiary company with effect from June 25, 2017.

The new company shall carry on the activities connected with renewable energy/ non-renewable energy. M&M has subscribed to 10,000 shares of Rs 10 each aggregating Rs 1 lakh.

In another BSE filing on Monday, M&M said that Mahindra Telecom Energy Management Services is incorporated as a new subsidiary company with effect from June 25, 2017.

The telecom subsidiary operates in India and abroad in the operations, routine, preventive, corrective and breakdown maintenance of energy management and telecom infrastructure.

M&M was trading at Rs 1,382.60, up by Rs 6.55 or 0.48% as at 1223 hours on Tuesday, on the BSE. The stock had hit a high of Rs 1,391.80.

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