Mahindra & Mahindra to sell its stake in JV with Yueda Group of China

To sell its 51% stake in Mahindra Yueda Yancheng Tractor Company

Mahindra & Mahindra announced that Mahindra Overseas Investment Company (Mauritius) ('MOICML'), a wholly owned subsidiary of the Company, has agreed to sell its entire shareholding of 51% in Mahindra Yueda Yancheng Tractor Company ('MYYTCL'), China. Upon receipt of requisite regulatory approvals and completion of other formalities, MYYTCL will cease to be a subsidiary of MOICML and in turn of the Company.

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