Mahindra & Mahindra (M&M) will dispose its entire 2.76 % equity in TVS Automobile Solutions Private Limited (TASL). M&M said the amount for the sale/disposal would be Rs 45 crore. M&M presently owns 3,32,195 equity shares of Rs 10 each and 100 compulsorily convertible preference stocks of Rs 10 each in TASL. Transaction is anticipated to conclude on June 22. M&M's stake in TASL will be nil following the transaction.
Courtesy: Business Standard
Mark Zuckerberg owned Meta witnessed a 26% fall in stock, with a loss of $31 billion. With this huge loss, the company's net market value has been wiped out by $251 billion. The sudden fall in stock market and profit decline in fourth quarter year, has also pushed Zuckerberg to the 12th spot in Forbes' billionaire list. Ahead of Zuckerberg are now India's billionaires, Gautam Adani and Mukesh Ambani.
Courtesy: News Break