Mahindra To Sell Its Entire 2.76% Stake In TVS Automobile Solutions Private Limited

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.