Tuesday, October 27
Automotive company Mahindra & Mahindra (M&M Ltd.) witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing.In the utility vehicle segment, the company sold 41,424 vehicles in the domestic market, a growth of 18 per cent and overall, 42,958 vehicles, including exports.The domestic sales for commercial vehicles stood at 19502.Veejay Nakra, President, Automotive Division, M&M Ltd., "We sold 41424 SUVs, a growth of 18% and 69768 total vehicles, a growth of 16% in December. The year ended on a high, as we became the only Indian auto company to attain the Dow Jones Sustainability Index (DJSI) world leader status within the auto sector. The DJSI ranking is one of the most respected global benchm
Viacom18 Media Private Limited (“Viacom18”) has officially become a subsidiary of Reliance Industries Limited (“Reliance”) effective December 30, 2024. This development follows the conversion of 24,61,33,682 compulsorily convertible preference shares (“CCPS”) into an equivalent number of equity shares, solidifying Reliance’s majority ownership in the company. As stated in the disclosure dated November 14, 2024, Reliance held a 70.49% stake in Viacom18 on a fully diluted basis, comprising 5,57,27,821 equity shares and 24,61,33,682 CCPS. Viacom18 was previously a material subsidiary of Network18 Media & Investments Limited (“Network18”). However, with shareholder approval under Regulation 24(5) of the Securities and Exchange Board of India (Listing Obligations and Discl
