Mahindra & Mahindra’s proportion introduced that its stake in Mahindra Final Mile Mobility Restricted (MLMML) has necessarily lowered to 78.11 % after the allocation of fairness stocks generated via conversion of convertible precedence stocks (CCPS). This transformation is the results of the allocations made as in step with the agreements already made via the World Finance Company (IFC) and India Japan Fund (IJF).
This transformation came about on 1 September 2025. MLMML stays a subsidiary of Mahindra & Mahindra.
Main points of fairness proportion allocation
MLMML allotted the next fairness stocks:
background
The allocation is consistent with the subscription settlement and shareholders settlement made via Mahindra & Mahindra with the World Finance Company (IFC), the place IFC, agreed to take a position as much as ₹ 600 crore in CCPS of MLMML. Moreover, it complies with a changed and re-established shareholders settlement between Mahindra & Mahindra, IFC, India Japan Fund (IJF) and MLMML in addition to Mahindra & Mahindra, MLMML and IJF for an invested ₹ 400 million in CCPS via IJF.
MLMML turnover and web value contribution
For the 12 months ended on 31 March 2025, the Income from the operation of MLMML was once ₹ 3,783.31 crore. After abolishing the interconthalation transactions with Mahindra Workforce, MLMML contributed ₹ 3,767.02 crore, which is two.4 % of the corporate’s consolidated turnover. As of 31 March, 2025, the web value of Mlmml was once ₹ 967.63 crore. After abolishing the inter-company stability and adjustment, it contributed ₹ 1,137.25 crore, or 1.5 % of the corporate’s consolidated web value leaving non-controlled pastime.
Main points of buyers
World Finance Company (IFC):
India-Japan Fund (IJF):
Each IFC and IJF don’t belong to promoters/promoters crew/crew corporations.
Because of the above allocation of fairness stocks generated via conversion of CCPS, the corporate’s stake in MLMML’s paid proportion capital will lower from the present 100% to 78.11 %. Then again, MLMML will stay a subsidiary of the corporate.