• SENSEX 81,028.02
    1,718.01 (+2.17%)
  • BANKNIFTY 59,086.00
    1,312.35 (+2.27%)
Back

Corporate News

Tech Mahindra’s PF Holdings to acquire 10.02% of Pininfarina for Euro 9.46 million
06-Nov-2026, 02:25

Tech Mahindra Ltd. announced that its subsidiary, PF Holdings B.V. (“PFH”), has initiated a voluntary tender offer to acquire up to 13,700,787 ordinary shares, representing 17.42% of Pininfarina S.p.A., a step-down subsidiary of Tech Mahindra. PFH has committed to acquire 7,886,000 ordinary shares, representing 10.02% of Pininfarina S.p.A., for a cash consideration of Euro 9.46 million, or Euro 1.20 per share, increasing PFH’s shareholding in Pininfarina S.p.A. from 82.57% to 92.59%, with the transaction expected to be completed on or before December 31, 2026.