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Mahindra & Mahindra Financial eyes acquisition opportunities

Mahindra & Mahindra Financial Services Ltd. is exploring strategic acquisitions across its various verticals, Mint reported, citing Vice Chairman and Managing Director Ramesh Iyer.

The company is open to acquisition opportunities but only if there is "a good cultural fit and ... [the opportunities are] relevant to what we do, as a strategy," Iyer said. The company is open to acquisitions that would bring in a new geography or a new product.

The company will also look at listing some of its subsidiaries going forward, Iyer added. For its expansion plans, the company will add another 100 branches and will consider growing its small and medium-sized enterprises segment to 15% of its book from the current 8%.