M&M to sell its entire stake in TVS Automobile Solutions for ₹45 crore

Mahindra and Mahindra has announced it will sell its entire 2.76% stake in TVS Automobile Solutions Private Limited (TASPL). It added that following the sale, its holding in TASPL would become nil and it would receive ₹45 crore from the deal. In TASPL, M&M holds 3,32,195 equity shares of ₹10 each and 100 Compulsorily Convertible Preference Shares of ₹10 each.