Mahindra & Mahindra’s equity stake in New Democratic Electoral Trust has diluted to 49.63% from 72.07% after a fresh allotment of shares, shifting the entity’s status out of step-down subsidiary classification.
Mahindra & Mahindra Reduces NDET Stake From 72.07% To 49.63% Post Share Allotment
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October 17, 2026
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