Mahindra & Mahindra on Thursday said its subsidiary has sold 3.58 per cent stake in CIE Automotive S.A for around 119 million euros.
Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), a wholly-owned subsidiary of the company, has sold part of its stake representing 3.58 per cent of CIE Automotive S.A outstanding shares, the Mumbai-based auto major said in a regulatory filing.
CIE Automotive SA is an associate of MOICML, it added.
Mahindra shares closed 0.56 per cent higher at Rs 3,670 apiece on the NSE.
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