Mahindra & Mahindra has formally announced the divestment of its entire 99.04% stake in Turkish foundry operations Erkunt Sanayi Anonim Şirketi to Hisarlar Makina and its shareholders. The transaction, formalized through a Stock Purchase Agreement on April 10, 2026, involves a ₹256 crore capital infusion to clear external debt before the expected completion date of July 30, 2026.
Mahindra & Mahindra Officially Announces Divestment of Turkey Foundry Operations
