Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has sold its entire stake comprising of 1,21,22,068 Equity Shares representing 3.195% of the paid-up share capital of Mahindra CIE Automotive, a listed associate of the Company (CIE). The sale has been executed on the Stock Exchange(s), at a gross price of Rs 447.6501 per share. Following the sale, the company’s shareholding in CIE has become Nil.

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.