Mahindra & Mahindra (M&M) has terminated share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren (NSPL) for Rs 104.67 crore.
In February this year, the company had announced that its wholly-owned arm Mahindra Renewables would sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore.
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.
Company Name | CMP |
---|---|
Maruti Suzuki | 12401.40 |
Mahindra & Mahindra | 2506.45 |
Mercury Metals | 70.09 |
Hindustan Motors | 35.16 |
Suzuki (India) | |
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