Tech Mahindra arm Pininfarina raises stake in Signature to 84% – The Economic Times

Pininfarina, a step-down subsidiary of Tech Mahindra, has raised its stake in Signature, an affiliate firm, to 84% from 24% for 1,34,375 euros, in keeping with a statutory submitting by the IT providers firm on Friday.

With this transaction, Signature has turn out to be a subsidiary of Pininfarina and a step-down subsidiary of the corporate, Tech Mahindra stated in a BSE submitting.

“…Pininfarina S.p.A., a step-down subsidiary of the corporate, has on 14th August 2025…knowledgeable that it has pursuant to an settlement acquired and subscribed to extra stake in Signature S.r.l, an affiliate firm of Pininfarina, thereby growing its shareholding in Signature from 24% to 84% of its fairness share capital,” it added.

Signature was included in 2018 as a three way partnership with Serviette Eternally, and its turnover stood at 2.9 million euros as of December 31, 2024. Signature operates from Italy.

“Pininfarina is an affiliate firm of the Promoter. The Promoter firm doesn’t maintain any curiosity on this transaction, besides to the extent of their shareholding in Pininfarina,” the submitting stated.

The transfer is a associated get together transaction on an arm’s size foundation.

Signature primarily operates within the stationery enterprise. The acquisition of Signature is geared toward strengthening the presence of Pininfarina within the client channel, whereas additional enhancing the Pininfarina model.

The submitting pegged the transaction measurement at 134,375 euros (on money consideration), of which 1,875 euros is towards subscription of extra shares in Signature and 1,32,500 euros for acquisition of the extra shares from current shareholders of Signature.