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.