NDTV Profit
Home | Auto |

M&M Board Approves Stake Sale In Mahindra Logistics

The size of the stake sale, price and other details of the IPO will be determined in due course by a committee of directors, it added.
EMAIL
COMMENTS
M&M Board Approves Stake Sale In Mahindra Logistics
New Delhi: Mahindra & Mahindra (M&M) on Tuesday said its board has approved sale of a part of shareholding in its arm Mahindra Logistics.

The company's board, which met today, has approved sales of a part of its shareholding in Mahindra Logistics ltd (MLL), a subsidiary of the company, as part of the proposed initial public offering of MLL, M&M said in a regulatory filing.

The size of the stake sale, price and other details of the IPO will be determined in due course by a committee of directors, it added.

Shares of M&M ended 0.49 per cent down at Rs 1,417.35 on BSE.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ India Inc. Hails Moody's Upgrade; Some Feel Fitch, S&P May Not Follow

Advertisement

Advertisement

GAINERS / LOSERS