Corporate News 10-Mar-17
Mahindra & Mahindra pares stake in subsidiary - Mahindra Holidays & Resorts India
FRom 75% to 67.5%
Mahindra & Mahindra has on 10 March 2017, sold 66,58,565 equity shares representing 7.5% of the share capital of Mahindra Holidays & Resorts India, subsidiary of the Company. The sale has been executed on the stock exchange(s), at an average gross price of Rs.412.05 per share. Following the sale, the shareholding of the Company in MHRIL would come down from 75% to 67.5% of its share capital.
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