Pininfarina Expands Influence in Signature with Acquisition Boost

Pininfarina, a subsidiary of Tech Mahindra, has increased its stake in the Italian stationery company Signature to 84% from 24% for €134,375. The move aims to strengthen Pininfarina's brand and consumer channel presence. The transaction is described as a related party transaction on an arm's length basis.

Pininfarina, a division of Tech Mahindra, has significantly increased its ownership in Signature, an Italian stationery firm, as reported by the company on Friday. The stake in Signature has jumped to 84% from 24%, with an investment of €134,375.

This strategic acquisition positions Signature as a subsidiary of Pininfarina. The acquisition aims to bolster Pininfarina's brand and enhance its market presence in the consumer sector.

The transaction, carried out on an arm's length basis, is considered a related party transaction. This move reflects Pininfarina's efforts to expand its influence within the industry, enhancing both its business portfolio and brand strength.

(With inputs from agencies.)