Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance SECTIONS Share Synopsis Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka. Getty Images What is critical is the fact that Ideal Finance will provide financial leasing for both Mahindra and non-Mahindra vehicles. Mahindra Financial Services, a leading non-banking financial company has put together a strategy to make Sri Lanka a preferred market going ahead. This after completing a 58.2% acquisition in Sri Lanka based Ideal Finance at an investment of Sri Lankan Rupees 2 billion, a move which gives a toehold in the growing financial services market of that country.