 "Mahindra")
Mahindra & Mahindra on Friday said it has terminated share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren Pvt Ltd (NSPL) for Rs 104.67 crore.
In February this year, M&M had announced that its wholly-owned arm Mahindra Renewables would sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore.
"Given that the closing has not occurred within the agreed timeframes, the share purchase agreement which was entered into for sale of 93,15,000 equity shares of
