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Mahindra CIE

23rd-Feb-2021 20:14Source: BSE

Mahindra CIE Automotive - Disclosure Pursuant To Regulation 30 Read With Para A Of Schedule III The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

The Company has been taking various steps to optimize its power cost and increase the consumption of green energy at various power intense plants of the Company. Accordingly, the Company today i.e. on 23rd February, 2021 subscribed to 8,26,000 equity shares of ReNew Surya Alok Private Limited (ReNew) which constitute 31.20% of the total issued and paid-up capital of ReNew.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD4/2015 dated 9th September, 2015 are provided in the annexure.

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