Mahindra and Mahindra Board Approves Sale of Stakes of Mahindra Logistics
DSIJ Intelligence / 14 Jun 2017
Mahindra & Mahindra Limited is engaged in the manufacture of passenger cars, commercial vehicles and tractors. The company's segments include automotive, which is engaged in the sale of automobiles, spare parts and related services.
Mahindra & Mahindra Limited is engaged in the manufacture of passenger cars, commercial vehicles and tractors. The company's segments include automotive, which is engaged in the sale of automobiles, spare parts and related services. On Tuesday, it informed that its board has approved the sale of a part of shareholding in its arm, Mahindra Logistics.
A committee of directors will determine the size of the stake sale, price and other details in the due course of time, it added.
Trading at Rs 1,412 per share,the stock was lower by Rs 5 per share or 0.3% at 0957 hours. The stock on the NSE has delivered 4.5% returns in a period one year and has under performed the BSE Sensex and BSE Auto indices over the same time span.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.