172@29@17@245!~!172@29@0@53!~!|news|business|mm-board-approves-stake-sale-in-mahindra-logistics-2303435.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
you are here: HomeNewsBusiness
Last Updated : Jun 13, 2017 10:15 PM IST | Source: PTI

M&M board approves stake sale in Mahindra Logistics

Mahindra & Mahindra (M&M) on Tuesday said its board has approved the sale of a part of shareholding in its arm Mahindra Logistics.

Mahindra & Mahindra (M&M) on Tuesday said its board has approved the sale of a part of shareholding in its arm Mahindra Logistics.

The company's board, which met on Tuesday, 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.

Close
Shares of M&M ended 0.49 percent down at Rs 1,417.35 on BSE.
First Published on Jun 13, 2017 10:14 pm
Sections