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Mahindra & Mahindra update on scheme of merger | Business Standard News

Mahindra & Mahindra announced that in terms of the scheme of merger by absorption of Mahindra Vehicle Manufacturers with the company, the company has received approvals from the following authorities for the purpose of making the scheme effective:
(i) Approval of Directorate of Industries under the Package Scheme of Incentives as notified by the Government of Maharashtra resolution.
(ii) Approval of Maharashtra Industrial Development Corporation for the transfer of leasehold land parcels from MVML to the Company pursuant to the Scheme.
Thus, the Scheme has become effective from 1 July 2021, being the last of the dates, on which the said certified copy of the NCLT Order sanctioning the Scheme has been filed with the Registrar of Companies, Mumbai, Maharashtra. ....

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M&M gains after turnaround Q4 result | Business Standard News

Read more about M&M gains after turnaround Q4 result on Business Standard. Mahindra & Mahindra (M&M) rose 1.94% to Rs 844.60 after the company reported a net profit of Rs 162.54 crore in Q4 FY21 as against a net loss of Rs 3255.02 crore in Q4 FY20. ....

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M&M reports net profit of ₹163 cr in Q4 - The Hindu BusinessLine

Net revenue from operations increases 48% ....

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Nifty ends above 15,400; broader market lags

Read more about Nifty ends above 15,400; broader market lags on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, advanced 307.66 points or 0.6% at 51,422.25. The Nifty 50 index gained 97.80 points or 0.64% to 15,435.80. ....

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Pawan Goenka: Former Mahindra MD Pawan Goenka joins Sun Pharmaceutical as independent director

Mr Goenka continues as the Non-Executive Chairman of Mahindra Agri Solutions (MASL). Mr Goenka is currently serving as the Chairman of the Board of Governors of IIT Madras and IIT Bombay. ....

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