M&M sells 6.058% stake in Mahindra CIE Automotive Limited

Mahindra and Mahindra Ltd has today sold 2,29,80,000 equity shares representing 6.058% of the paid-up share capital of Mahindra CIE Automotive Limited, a listed associate of the Company ("MCIE").

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.

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1226.70 as compared to the previous close of Rs. 1247.55. The total number of shares traded during the day was 45252 in over 3108 trades.

The stock hit an intraday high of Rs. 1255.50 and intraday low of 1225.00. The net turnover during the day was Rs. 55898997.00.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 393.55 as compared to the previous close of Rs. 396.30. The total number of shares traded during the day was 86266 in over 1984 trades.

The stock hit an intraday high of Rs. 396.25 and intraday low of 382.95. The net turnover during the day was Rs. 33825971.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 StakeSale MarketSale MahindraCIEAutomotive INE536H01010