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Mahindra & Mahindra Ltd.

BSE: 500520 Sector: Auto
NSE: M&M ISIN Code: INE101A01026
BSE 00:00 | 24 Apr Mahindra & Mahindra Ltd
NSE 05:30 | 01 Jan Mahindra & Mahindra Ltd

Intimation Under Regulation 30 Read With Schedule III Of SEBI (Listing Obligations And Disclosure Re

April 16, 2020, 4:21 pm | Source: BSE

We refer to our letter dated 21st February 2020 (Annexure 1) informing that Mahindra Renewables Private Limited (MRPL) a step-down wholly owned subsidiary of the Company had on 21st February 2020 agreed to sell 12080000 equity shares of Rs. 10 each held by MRPL in Divine Solren Private Limited (DSPL) aggregating to 100% of the paid-up Equity Share Capital of DSPL to CLP India Private Limited for a consideration of Rs. 124.47 crores.

In this connection we would like to inform you that MRPL has today completed the above transaction & accordingly the shareholding of MRPL in DSPL has become Nil and DSPL has ceased to be a subsidiary of MRPL and of the Company with effect from 15th April 2020.