Board of M&M approves sale of stake in Mahindra Logistics in proposed IPO

At meeting held on 13 June 2017

The Board of Directors of Mahindra & Mahindra at its meeting held on 13 June 2017 has approved sale of a part of its shareholding in Mahindra Logistics ('MLL'), a subsidiary of the Company, as part of the proposed Initial Public Offering ('IPO') of MLL, subject to requisite approvals and market conditions.

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