Mahindra & Mahindra to take 26% stake in captive solar arm
Mahindra & Mahindra Limited (M&M) has approved the acquisition of a 26% equity stake in Neon Hybren Private Limited, a step-down subsidiary being set up to develop a 30 MWAC group captive solar power plant in Punjab, according to a disclosure filed with BSE and NSE on April 9, 2026. The investment of up to Rs 11.17 crore will be made in one or more tranches through a Share Subscription and Shareholders Agreement (SSSHA) with…