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Swaraj Engines and Punjab ... During the financial year 2009–10 the company had issued 3,984,946 equity share of Rs. 10 each at a premium of Rs. 190 per ...
Swaraj division [2] is a tractor and farm equipment making company which is owned by Mahindra & Mahindra Ltd. Formerly known as Punjab Tractors Limited, the company was taken over by Mahindra Group in 2007 and subsequently in 2009, the name was changed to swaraj division.
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Mahindra Tractors at a Showroom in 2012 near Chengalpattu in Tamil Nadu Mahindra 575 Di at sunset over a sugar cane field, Tamil Nadu, India. Mahindra Tractors is number one in sales in India - the largest tractor market in the world [11] - and it has been the market leader since 1983.
The new SUV by Mahindra was designed in-house and it was developed on the first global SUV platform that could be used for developing more SUVs. In India, the new Mahindra XUV500 came in a price range between ₹1,140,000–1,500,000. The company was expected to launch three products in 2015 (two SUVs and one CV) and an XUV500 hybrid.
In 1970, the Government of Punjab acquired the Swaraj tractor's design and established Punjab Tractors Limited (PTL). The tractors were produced and sold under the brand name of Swaraj. In 2007, Mahindra & Mahindra Ltd. acquired majority stake in PTL, and in Feb 2009, it was merged into M&M as the Swaraj Division of Mahindra & Mahindra.
(For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range. A US share must be priced at $1 or more to be covered by NASDAQ. If the share price falls below that level, the stock is "delisted" and becomes an OTC (over the counter stock). A stock must have a price of $1 ...