Mahindra Consolidates European Presence-Acquires Leading Forging Company Schoneweiss

Mahindra & Mahindra Ltd. through its subsidiary Mahindra Forgings Global Limited based in Mauritius acquired 90.47% stake in Schoneweiss & Co. GmbH., a leading company in the forgings sector in Germany. The transaction was consummated on January 1, 2007.