Mahindra Renewables divests entire stake in Divine Solren

Mahindra & Mahindra announced that its step-down wholly owned subsidiary, Mahindra Renewables (MRPL) completed the sale of 1,20,80,000 equity shares of Rs. 10 each held by MRPL in Divine Solren (DSPL) aggregating to 100% of the paid-up Equity Share Capital of DSPL to CLP India, for a consideration of Rs. 124.47 crores.

DSPL has ceased to be a subsidiary of MRPL and of the Company with effect from 15 April, 2020.

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