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Article: Mahindra acquires 66 pc stake in DGP Hinoday.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 27, 2006
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Mahindra acquires 66 pc stake in DGP Hinoday
Mumbai, Nov 27 (PTI) Leading utility vehicle manufacturer Mahindra & Mahindra Ltd today said it has entered into an agreement to acquire 66 per cent equity stake in Pune-based manufacturer of automobile products DGP Hinoday Industries Ltd (Hinoday).
The company acquired the shares from existing shareholders -- DG Piramal Group and India Private Equity Fund Mauritius, Mahindra & Mahindra informed the Bombay Stock Exchange.
"The DGP Hinoday acquisition is integral to Systech's strategy of providing a one-stop-shop for sophisticated, high-end engineered products like forgings and castings, leveraging ...