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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.

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

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First Published on Jun 13, 2017 10:14 pm
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