Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has planned the sale of its 2.76 percent stake in TVS Automobile Solutions (TASL). Following the sale, the company’s holding in TASL would become nil. The sale is expected to be completed by June 22. M&M would receive Rs 45 crore from the deal.

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.