New Delhi: Mahindra & Mahindra (M&M) on Tuesday stated it has included its agricultural systemcondominium offerings arm Trringo.com as an entirely-owned subsidiary.
“Trringo.com is included as an entirely-owned subsidiary of M&M with an initial subscription of fifty,000shares of Rs 10 each aggregating Rs 5 lakh,” the Mumbai-based totally application automobile principalstated in a regulatory filing.
An organised farm gadget condo provider thru a franchise-based version the use of new-age virtualtechnology, Trringo-com changed into incorporated on may 23.
Its operations may be first of all restrained to India.
Trringo will use a proprietary digital platform as an enabler to system orders and skip them directly to the nearest franchisee via place–based mapping.
Franchisee can also tie up with tractor owners within the area enabling them to lease out device to farmers on a commission foundation.
except, massive farmers who very own high priced, high–quit device can hire out their assets, optimising utilisation based totally on seasonality, slicing throughout geographies.
The stock become buying and selling at Rs 1,291.30 on BSE, up zero.38 according to cent from itspreceding close.
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story first posted on: might also 24, 2016 14:11 (IST)
Tags: Mahindra & Mahindra, Mahindra & Mahindra Trringo, Mahindra, Mahindra Trringo, Trringo, Trringo Mahindra deal, enterprise news