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

Capital Market 

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

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

First Published: Fri, August 11 2017. 20:18 IST