Mahindra & Mahindra’s (M&M) subsidiary — Mahindra Agri Solutions (MASL) — has incorporated a subsidiary ‘Mahindra Summit Agriscience’ with effect from October 9, 2018, which in turn is a subsidiary of the company.
Mahindra Summit Agriscience will undertake the business of manufacturing, distribution and retailing of fertilizers, agro chemicals, nutrients and all other types of inputs used in agriculture and consultancy services related to agrochemical business etc. The cost of acquisition at which the shares are acquired is Rs 100,000.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.