ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Mahindra Spicer

MAHINDRA SPlCER's amalgamation with Mahindra and Mahindra has been approved by shareholders of both companies by overwhelm-ing majorities. According to Keshub Mahindra, who presided over meetings of shareholders of both companies, held under orders of Bombay High Court, 481 shareholders of Mahindra and Mahindra holding 74,40,410 equity shares voted for the scheme and only seven shareholders holding 1,735 shares voted against. Similarly, 153 shareholders of Mahindra Spicer holding 11,15,497 equity shares voted for the scheme and only two shareholders holding ISO shares voter' against. In accordance with rules governing such meetings voting at both meetings had to be by poll only.

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