Mahindra & Mahindra (M&M) announced that Punjab Tractors has been amalgamated with the company with effect from Feb 16, 2009.
Accordingly, Punjab Tractors now stands dissolved without being wound up, disclosed M&M.
Mahindra & Mahindra is a well diversified company having its presence in the auto sector, auto components, farm equipment, infrastructure development, telecom and software and trade and financial services. It is a leading name in the general-purpose utility vehicles market in India.
Shares of the company declined Rs 6.5, or 2.03%, to settle at Rs 314.45. The total volume of shares traded was 303,490 at the BSE (Monday).
Source : myiris.com (2/16/2009)
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