 "Prudential Management's holding in Mahindra goes up")
In a filing to the BSE, Mahindra & Mahindra (M&M) said 5,40,59,930 equity shares, representing 8.81% stake, were transferred to PMS from other promoter entities -- Corbel Estate & Investments, Andromeda Investment & Finance, Azrael Investments and Ridge Business Centre.
Corbel was merged with Andromeda, which later along with Ridge and Azrael was merged with PMS, it added.
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With completion of the these amalgamations, the holding of PMS in M&M increased to 11.40% from 2.59%.
Shares of M&M today closed trading 0.14% up at Rs 838.95 apiece on BSE.
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