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M&M Board Approves Stake Sale In Mahindra Logistics
13 Jun 2017, 08:32 PM IST
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.)
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