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M&M board approves stake sale in Mahindra Logistics

Press Trust of India  |  New Delhi 

(M&M) today said its board has approved sale of a part of shareholding in its arm Mahindra Logistics.

The company's board, which today, has approved sales of a part of its shareholding in Mahindra Logistics ltd (MLL), a subsidiary of the company, as part of the proposed initial public offering of MLL, M&M said in a regulatory filing.

The size of the stake sale, price and other details of the IPO will be determined in due course by a committee of directors, it added.

of M&M ended 0.49 per cent down at Rs 1,417.35 on

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

First Published: Tue, June 13 2017. 20:23 IST