Mahindra and Mahindra To Expand Stake In Swaraj Engines Ltd
- Mahindra to increase stake in Swaraj Engines to over 50%
- Plans to acquire shares worth about Rs 296 crore
- Swaraj Engines to become a Mahindra subsidiary post acquisition of new stake
Mahindra and Mahindra is set to acquire a greater stake in Swaraj Engines Ltd (SEL) the company said in a regulatory filing. The company said it would acquire an additional 17.42% stake in the company worth about Rs 296 crore from Kirloskar Industries Limited.
The newly acquired equity shares will see Mahindra’s stake in SEL rise from the existing 34.72% up to 52.13%. Post the acquisition SEL will become as a subsidiary of Mahindra and Mahindra from its current status as an Associate of the Company.
In all Mahindra is set to acquire 21,14,349 equity shares from Kirloskar Industries Limited.
SEL is in the business of manufacturing diesel engines and components for use in tractors. The company has been supplying units to Mahindra and Mahindra’s farm equipment sector among others. The company had reported a total revenue of Rs 1,138.15 crore in the previous financial year.
Related News
Latest Cars
Upcoming Cars
Trending News
3 mins readWill The Kawasaki W230 Be Launched In India?
Latest News
Jaiveer Mehra | Dec 26, 2025India-Spec New Renault Duster Teased Ahead Of Jan 26 DebutA new teaser video provides brief glimpses of the upcoming all-new SUV which seems to get some notable styling differences over its global sibling.1 min read
Jaiveer Mehra | Dec 26, 2025New Mahindra XUV 7XO Teaser Confirms 540 Degree CamerasLatest teaser video confirms the SUV will get the new 540 degree camera set-up from the XEV series as well as a few other features.1 min read
car&bike Team | Dec 24, 2025Updated Bajaj Pulsar 150 Launched At Rs 1.09 Lakh: Gets LED Lighting, New ColoursThe Pulsar 150 is offered in three variants with prices topping out at Rs 1.15 lakh (ex-showroom).2 mins read
Janak Sorap | Dec 24, 20252026 Kawasaki Ninja 650 Launched at Rs 7.91 LakhWith E20 compliance, the 2026 Ninja 650 receive a new colour update and a premium price tag.1 min read
Jafar Rizvi | Dec 24, 2025Listed: Car Manufacturers That Will Hike Prices From January 2026Based on the announcements made so far, the price increase across car models is expected to range between 2 and 3 per cent.3 mins read
car&bike Team | Dec 24, 2025KTM RC 390 Discontinued Globally, Remains On Sale In IndiaThe KTM RC 390 will continue to be offered on sale in India, where it is manufactured and there’s still strong demand for the model.2 mins read
Jafar Rizvi | Dec 24, 2025MG Windsor EV 38 kWh Long-Term Report: IntroductionThe Windsor EV has joined our garage, and before it settles into daily duty, I took it out to get a sense of what living with an electric car is like.4 mins read
Seshan Vijayraghvan | Dec 23, 20252026 Kia Seltos Review: Formula Is Spot On, But Is The Timing Right?The 2nd-gen Kia Seltos has arrived, but it has the challenge of facing strong rivals like the Victoris and Sierra. The question is simple - Does it still have what it takes?9 mins read
car&bike Team | Dec 26, 2025Tata Punch EV Long-Term Second Report: Highway Performance, Pros & ConsAfter a week of living with the Tata Punch EV Long Range—including a proper Mumbai-Nashik highway test—we've learned what this little electric SUV is really made of.1 min read
Seshan Vijayraghvan | Dec 22, 20252026 Tata Harrier & Safari 1.5 Hyperion Review: By The Power Of Petrol!The new Tata Harrier and Safari petrol packs a new 1.5-litre TGDI Hyperion engine, but is it an ideal alternative to the diesel version?7 mins read
Bilal Firfiray | Dec 19, 2025Maruti Suzuki e-Vitara Review: Worth The Wait?After a long wait, the first-ever electric Maruti Suzuki is here. It’s the e-Vitara, and it comes with a few promises. But arriving this late, is it worth the wait? Or is it a case of too little, too late?9 mins read