M&M arm forms subsidiary for solar business

Mahindra Solarize Private Limited is incorporated in Mumbai, Maharashtra on April 06, 2021 as a wholly owned subsidiary of Mahindra Susten Private Limited, which is a wholly owned subsidiary of Mahindra Holdings Limited, which is a wholly owned subsidiary of Mahindra & Mahindra Ltd.

MSPL has incorporated Mahindra Solarize Private Limited to mainly undertake business for Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry based products including Engineering Procurement & Construction (EPC).

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.781.2 as compared to the previous close of Rs. 774.35. The total number of shares traded during the day was 87791 in over 2694 trades.

The stock hit an intraday high of Rs. 791.1 and intraday low of 776. The net turnover during the day was Rs. 68713388.

Source : Equity Bulls

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