Aug 26, 2021 18:16 Source: BSE
Mahindra CIE Automotive - Announcement under Regulation 30 (LODR)-Acquisition
This is further to our letter dated 23rd February 2021 in respect of Company's investment in equity shares of ReNew Surya Alok Private Limited (ReNew) for sourcing green energy on captive basis and optimizing the power cost. We now wish to inform you that, the Company has further subscribed to 7,434,000 equity shares of face value of Rs. 10/- each of ReNew. The details as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD4/2015 dated 9th September, 2015 were provided in the annexure attached to our earlier intimation dated 23rd February 2021 remains same except for the subscription of the additional shares. The updated annexure is attached herewith.