Sundaram Mutual Fund has reportedly bought 15.02 lakh shares of Mahindra CIE Automotive through open market route. The shares were purchased on an average price of Rs 64 valuing the transaction to Rs 9.61 crore. On the other hand, Scholz AG has sold 21.97 lakh shares of the company for an average price of Rs 64.01 through open market route.
Mahindra Forgings is a part of the $14.4 billion Mahindra group, manufacturing World Class Forged and Machined products for automotive, agriculture, railway, mining, construction and other industries with production plants in India, Germany and UK.
