34.60000 EUR
0.4
1.14%
Last update Dec 15, 8:08 AM CET
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Day range
34.60000
34.60000
Previous close
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Mahindra & Mahindra Limited Sponsored GDR
34.60
0.40
1.14%

Overview

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Description

Mahindra & Mahindra Limited Sponsored GDR is a global depository receipt that represents shares of Mahindra & Mahindra Limited, a major player in the automotive and agribusiness sectors based in India. The primary function of this GDR is to facilitate international investment by allowing foreign investors to indirectly own shares of the underlying Indian company through securities traded in international markets. This particular GDR provides an excellent avenue for investors seeking exposure to one of India's largest and most diversified business groups without requiring direct access to Indian stock exchanges. Known for its impact on sectors such as automotive, agriculture, aerospace, and IT, Mahindra & Mahindra Limited stands as a pivotal entity within these industries, both domestically and internationally. The introduction of such global depositary receipts enhances liquidity and widens the investor base, allowing Mahindra to attract capital from a global audience. This strategic positioning provides Mahindra & Mahindra with opportunities to further influence market dynamics through technological development and efficient industrial practices in its core sectors.

About

CEO
Dr. Anish Dilip Shah
Employees
260000
Address
Mahindra Towers
Dr. G. M. Bhosale Marg Worli
Mumbai, 400018
Phone
91 22 2490 1441
Website
Instrument type
Depositary receipt
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
Germany
MIC code
XBER
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