M&M gains on receiving nod to sell 13.74% stake in MLL through IPO

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

04 Aug 2017 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 1419.95, up by 3.10 points or 0.22% from its previous closing of Rs. 1416.85 on the BSE.

The scrip opened at Rs. 1419.95 and has touched a high and low of Rs. 1424.30 and Rs. 1416.05 respectively. So far 2,266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.80 on 09-Aug-2016 and a 52 week low of Rs. 1141.80 on 02-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1433.95 and Rs. 1381.10 respectively. The current market cap of the company is Rs. 88001.34 crore.

The promoters holding in the company stood at 26.73%, while Institutions and Non-Institutions held 57.57% and 15.69% respectively.

M&M has received an approval for sale of up to 96,66,173 equity shares of Rs 10 each held by the company in Mahindra Logistics (MLL) representing up to 13.74% of the existing issued and paid-up equity share capital of MLL, as part of the proposed IPO.

The Loans & Investment Committee of Directors at its meeting held on august 3, 2017 approved for the same. The selling price per equity share will be fixed through the book building process in accordance with Securities and Exchange board of India (SEBI) and will be decided by the company together with MLL and the other selling shareholders in consultation with the Book Running Lead Managers.

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

3329.50 -41.00 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	355.35
Maruti Suzuki	13725.40
Mahindra & Mahindra	3329.50
Hyundai Motor India	1852.45
Mercury Metals	30.94
View more..

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