Mahindra & Mahindra Limited has informed the exchanges that Mahindra Holidays & Resorts India Limited (MHRIL), its listed subsidiary, completed the acquisition of 100% equity stake in Aditatva Estates Private Limited on 15th June 2026. The aggregate consideration for the acquisition was Rs 37.5 crore in cash.
Aditatva Estates Private Limited, incorporated on 30th November 2021, operates a coffee plantation business on approximately 50 acres in Chikmagalur, Karnataka. Aditatva reported a turnover of Rs 0.37 crore for FY23, Rs 0.81 crore for FY24, and Rs 0.81 crore for FY25.
MHRIL intends to use the acquired land parcel for developing a leisure resort. The acquisition was classified as not being a related party transaction, and none of the promoter or promoter group companies had any interest in Aditatva.
Aditatva has become a wholly owned subsidiary of MHRIL and a step-down subsidiary of Mahindra & Mahindra Limited, effective 15th June 2026. The credit of all shares in the demat account of MHRIL and its nominee shareholders was received on 16th June 2026.
MHRIL initially informed the exchanges on 27th April 2026 about the execution of the Share Purchase Agreement for the acquisition. The conditions precedent under the agreement were fulfilled before completion of the transaction. The closing was originally expected by 31st July 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.