Mahindra Group sells over 6% stake in Mahindra CIE Automotive

Mahindra & Mahindra on Monday said it has sold over 6% stake in Mahindra CIE Automotive, representing around 2,29,80,000 equity shares. The sale has been executed on the stock exchanges at a gross price of ₹357.39 per share. Following the sale, Mahindra & Mahindra's shareholding in Mahindra CIE Automotive has come down to 3.19% from 9.25% of its share capital.