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Mahindra CIE Automotive allots equity shares

Capital Market 

On preferential basis

Mahindra CIE Automotive announced that the Preferential Allotment Committee of Board of Directors of the Company at its meeting held on 19 October 2016, issued and allotted the first tranche of 35,997,180 Equity Shares of face value of Rs. 10/- (Equity Shares) each at a price of Rs. 200 per share on preferential basis.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)