Mahindra & Mahindra (M&M) on Friday announced the cessation of Mahindra Aerospace Australia (MAAPL) as a wholly-owned subsidiary of Mahindra Aerospace (MAPL) following the receipt of a deregistration certificate, the company said in a regulatory filing.
The development marks the completion of the voluntary liquidation process of MAAPL, which was earlier part of M&M’s aircraft manufacturing business.
In November 2023, the company announced its exit from the aircraft manufacturing segment as part of its capital…