Mahindra CIE Automotive has informed that the Board of Directors of the Company at its meeting held on today 12th March, 2019, approved the acquisition of 100% of the issued and outstanding share capital of Aurangabad Electricals and authorized the signing of a share purchase agreement. Further, the company has submitted the Investors Presentation and Press Release giving details of the same.
The above information is a part of company’s filings submitted to BSE.