Mitsubishi Agricultural Machinery Co (MAM) and Mahindra & Mahindra (M&M) completed the transaction announced on May 21, 2015 as per schedule. The two companies entered into a capital tie-up through a third-party allocation of new shares. As a result of the capital infusion, the new shareholding is as follows: MHI now owns 66.7 per cent and M&M 33.3 per cent. Starting from October 1, the name of the company has been changed to Mitsubishi Mahindra Agricultural Machinery Co Ltd, and the new organisation has been announced. In the new organisation, Katsumi Tottori is appointed CEO and President (formerly President of MAM) and Sudhir Jaiswal is appointed as CFO and Senior Vice President (formerly Vice President – Commercial and Business Planning, International Operations, Automotive Division of Mahindra & Mahindra).