Mahindra & Mahindra’s (M&M) Promoter — M&M Benefit Trust has sold 1.92 crore equity shares (treasury stock) representing 1.54% of the total paid up equity share capital of the Company. The sale has been executed on the stock exchange, at a gross price of Rs 648 per share.
Following the sale, the shareholding of the Promoters and Promoter Group of the Company has come down from 20.44% to 18.90% of the total paid up equity share capital of the Company.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.