Tech Mahindra to raise Pininfarina stake to 92.59%
In short
Tech Mahindra plans to buy more shares in Pininfarina and lift its stake to 92.59%. Its subsidiary already owns 82.57%, and the deal would increase that holding if it goes through.
What the reporting says
Tech Mahindra will acquire more shares in Pininfarina, raising its stake to 92.59%, according to a Business Standard Companies summary. Its subsidiary currently holds 82.57% of the company, and the proposed transaction would lift ownership further if completed successfully. The move increases Tech Mahindra’s control over Pininfarina.
Why it matters
Tech Mahindra plans to acquire more shares in Pininfarina, taking its stake to 92.59% if the transaction closes. Its subsidiary currently holds 82.57%. The increase would strengthen Tech Mahindra’s ownership and control position in the company.