Mahindra & Mahindra Ltd has today signed a Share Subscription Agreement for subscribing up to 300 Common shares and 30,469 Series B Preferred Shares ('Shares') which on an as-converted to Common shares basis would result into 11.25% of the Share Capital of Gamaya SA, Switzerland, on a fully diluted basis.
Gamaya SA ("Gamaya") is an agri-tech company based in Switzerland which focusses on imagery analysis for monitoring the health of crops.
It had a turnover of Swiss Franc ("CHF") 0.5 million in the calendar year 2018.
Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.635.55 as compared to the previous close of Rs. 640.9. The total number of shares traded during the day was 81725 in over 1437 trades.
The stock hit an intraday high of Rs. 641 and intraday low of 633.5. The net turnover during the day was Rs. 52068622.