Subsidiary Invests in New Aerospace Venture
Mahindra & Mahindra Limited · M&M · NSE ·
**Acquisition:** Step-down subsidiary, Mahindra Defence Systems Limited (MDSL), has acquired shares in a newly incorporated company, Novavayu Aerospace Limited (NAL). **Investment:** The transaction involves a cash investment of ₹10 lakh for 1,00,000 equity shares. **Business Foc…