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Home News M&M divests 7.5% Mahindra Holidays stake for Rs 274 Crores

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M&M divests 7.5% Mahindra Holidays stake for Rs 274 Crores

M&M divests 7.5% Mahindra Holidays stake for Rs 274 Crores

Friday, March 10, 2017, 2:58 PM

Mahindra & Mahindra, today said that it divested 7.5% stake in the group hospitality arm Mahindra Holidays & Resorts India Ltd (MHRIL), for around Rs 274.36 crores. Pursuant to the approval of the board of directors, the company today sold 66,58,565 shares representing 7.5% of the share capital of Mahindra Holidays & Resorts India Ltd.
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