BII to Invest Rs 6.5 Billion in Mahindra & Mahindra

31 Dec 2024 CW Team

British International Investment (BII) has revised its investment in Mahindra Electric Automobile, a subsidiary of Mahindra & Mahindra, from Rs 7.25 billion ($84.74 million) to Rs 6.5 billion ($75.98 million).

This final tranche of investment is expected to be completed by March 31, 2025, bringing BII’s total investment in Mahindra Electric to Rs 18.5 billion ($216.28 million), resulting in a shareholding of 2.64% to 4.58% on a fully diluted basis.

BII has already invested Rs 12 billion ($140.27 million) in the company. Mahindra confirmed that the change in investment will not affect Mahindra Electric’s business plan or strategic objectives.

Mahindra plans to invest Rs 120 billion ($1.43 billion) in Mahindra Electric by 2027, with expectations to generate sufficient operating cash from the auto division to fund capital needs without additional external financing.

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..