As on (29 Feb 2024 | 23:12)
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Mahindra & Mahindra announces cessation of Resson Aerospace Corporation (associate company) Back
(21 Sep 2023)
Mahindra & Mahindra announced that Resson Aerospace Corporation, Canada, which is an Associate of the Company (Resson) wherein the Company holds 11.18% stake (on a fully diluted basis) through Class C preferred Shares, had filed for a voluntary winding-up.

Resson has received a Certificate of Dissolution from Corporations Canada dated 20 September 2023.

Consequent to the above, Resson has ceased to be in existence and has also ceased to be an Associate of the Company under the Indian Accounting Standards (IndAS) with effect from 20 September 2023.