Mahindra & Mahindra Financial Services Limited
Sundaram Mutual Fund decreased its stake in Mahindra & Mahindra Financial Services from 1.32% to 1.02%, selling 4,222,335 shares. The value of the sold shares was ₹153.21 crore, at a price of ₹363.00 apiece.
A non-banking financial company within the Mahindra Group, it specializes in financing solutions for new and pre-owned automobiles, tractors, commercial vehicles, and construction equipment across India. The company also provides credit facilities to small and medium enterprises. It operates as a dedicated lender focused on vehicle, equipment, and SME financing, serving customers in the automotive, agricultural, and industrial sectors nationwide.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.