“Upon liquidation of Resson, the company is entitled to receive approximately 4.7 million Canadian Dollars (equivalent to ₹28.7 crore) as distribution of proceeds towards Class C preferred shares held by the company.

As of March 31, 2023, the net worth of Resson was at ₹54 crore. The IT firm, which follows the calendar year as its financial year, contributed 0.01% of the consolidated net worth of M&M, excluding non-controlling interest. The revenue from operations of Resson for the year ended March 31, 2023, was nil.

Established in 1945 as an assembly unit, M&M is the flagship company of the Mahindra Group in which promoters hold 19.6% stake. The business of the company is diversified across farm equipment, auto and automotive components, real estate, hospitality, defence and aerospace, technology services, and financial services sectors.

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