M&M mulls listing three companies

Mumbai: The Mahindra & Mahindra group is planning to list three group companies-Mahindra British Telecom, Mahindra & Mahindra Financial Services and Mahindra Automotive Steels.

According to Anand Mahindra, vice-chairman and managing director of Mahindra & Mahindra the Mahindra group wants its flagship in every sector to be listed.

The Mahindra group has over 20 companies operating in six sectors-automotive, farm equipment, auto component, trade and financial services, information technology and infrastructure.

Mahindra & Mahindra (the flagship company of the group which is into automotive and farm equipment) and Mahindra Gesco (the group's leading infrastructure company) are listed entities.

The timing of the IPOs would depend capital requirement of the company concerned and the condition of the stock market.