Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has sold 2,29,80,000 equity shares representing 6.058% of the paid-up share capital of Mahindra CIE Automotive (MCIE), a listed associate of the Company. The sale has been executed on the stock exchange(s), at a gross price of Rs 357.39 per share. Following the sale, the shareholding of the company in MCIE has come down from 9.253% to 3.195% of its share capital.

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.