Mahindra Holdings to Invest ₹10.8 Billion in Mahindra Susten Rights Issue

Mahindra & Mahindra Ltd.’s wholly owned unit Mahindra Holdings Ltd. will subscribe to the rights issue of its subsidiary Mahindra Susten Pvt. Ltd. for up to ₹10.8 billion in one or more tranches.

Mahindra Susten, a renewable energy company, will issue up to 297.95 million shares at ₹60.40 each, aggregating ₹18 billion, to fund renewable energy projects won in 2024-25 and 2025-26. The investment is expected to be completed by December 31.

Following allotment, Mahindra Holdings’ stake in Mahindra Susten will rise to 413.39 million shares from 234.59 million, while its shareholding percentage will remain unchanged at 60.01%.