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M&M gains on concluding sale of equity shares of SAL for Rs 24.83 crore

03 Feb 2016 Evaluate

Mahindra & Mahindra is currently trading at Rs 1214.95, up by 5.90 points or 0.49% from its previous closing of Rs. 1209.05 on the BSE.

The scrip opened at Rs. 1205.00 and has touched a high and low of Rs. 1219.00 and Rs. 1190.15 respectively. So far 5309 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1095.00 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 1240.85 and Rs. 1178.45 respectively. The current market cap of the company is Rs. 74906.85 crore.

The promoters holding in the company stood at 25.53% while Institutions and Non-Institutions held 55.76% and 12.88% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has completed the sale of equity shares held by it in Swaraj Automotives (SAL), a listed subsidiary of the company, for Rs 24.83 crore. The company has completed the sale of equity shares of Swaraj Automotives on February 01, 2016.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Mahindra & Mahindra Share Price

3204.15 4.80 (0.15%)
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