Mahindra & Mahindra and ICICI Venture Consortium inks agreement to acquire Metalcastello S.P.A

Mumbai: A consortium of Mahindra & Mahindra Ltd. (M&M) and ICICI Venture Funds Managements Ltd, India’s leading PE player with AUM of over $ 2 billion, has today signed a definitive agreement agreeing to acquire 100% stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals.