Mumbai, Aug. 16 -- Tech Mahindra announced that its step-down subsidiary, Pininfarina S.p.A. has acquired additional stake in Signature S.r.l, an associate company of Pininfarina, thereby increasing its shareholding in Signature from 24% to 84% of its equity share capital.

Consequent to the aforesaid Transaction, Signature has become a subsidiary of Pininfarina and a step-down subsidiary of the Company.

The acquisition of Signature is aimed at strengthening the presence of Pininfarina in the consumer channel, while further enhancing the Pininfarina brand.

Published by HT Digital Content Services with permission from Capital Market....