MOICML is an entirely owned subsidiary of Mahindra & Mahindra Ltd (M&M).
This deal, executed by way of a share buy settlement, entails TMLL buying 100 per cent shareholding in MRUK for a money consideration of GBP 1.2 million (roughly Rs 13.5 crore).
Upon completion, MRUK will turn out to be an entirely owned subsidiary of TMLL and, by extension, of Tech Mahindra Ltd.
Tech Mahindra mentioned it sees the acquisition as a chance to diversify into new enterprise avenues comparable to sporting occasions, skilled leagues, and data-driven engineering purposes, whereas additionally enhancing its model visibility.
MRUK, integrated within the UK in 2014, is engaged within the System Electrical World Championship Racing trade, collaborating in occasions organised by the FIA. The corporate reported a income from operations of Rs 357.56 crore and a internet price of Rs 40.56 crore for the monetary yr ending March 31, 2025.
