Mahindra & Mahindra on Monday said it has sold over 6 percent stake in Mahindra CIE Automotive.
The company has sold 2,29,80,000 equity shares representing 6.05 percent of the paid-up share capital of Mahindra CIE Automotive Ltd, a listed unit of the company, the auto major said in a regulatory filing.
Also Read: Mahindra Automotive Becomes Title Sponsor of IBA Women’s World Boxing Championships
The sale has been executed on the stock exchanges at a gross price of Rs 357.39 per share, it added.
Also Read: Mahindra Automotive Becomes Title Sponsor of IBA Women’s World Boxing Championships
Following the sale, the shareholding of the company in Mahindra CIE Automotive has come down from 9.25 per cent to 3.19 per cent of its share capital, Mahindra & Mahindra said.
Read all the Latest Auto News here
Comments
0 comment