43.50 (1.41%) 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.