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Mahindra & Mahindra Ltd. ( ($IN:M&M) ) has issued an announcement.
Mahindra & Mahindra Ltd. has announced a joint venture agreement with The Manufacturers Life Insurance Company (Manulife) to establish a life insurance company in India. Both companies will hold equal shares in the new entity, which aims to provide life insurance services. This strategic move is expected to enhance Mahindra’s footprint in the financial services sector, leveraging Manulife’s expertise in insurance. The joint venture will operate under a public limited company structure, with significant capital commitments from both parties over the next decade, potentially impacting the life insurance market dynamics in India.
More about Mahindra & Mahindra Ltd.
Mahindra & Mahindra Ltd. is a prominent player in the automotive and farm equipment sectors, with a diverse portfolio that includes vehicles, tractors, and financial services. The company is known for its strong market presence in India and its strategic ventures in various industries.
Average Trading Volume: 125,950
Current Market Cap: 4555.4B INR
For detailed information about M&M stock, go to TipRanks’ Stock Analysis page.