Signs share purchase agreement with b4S Solutions
Mahindra & Mahindra announced that the Company has entered into a Share Purchase Agreement with b4S Solutions for sale of its entire stake held in Swaraj Automobiles, a subsidiary of the Company, for a total consideration of Rs 24.83 crore (i.e. Rs 145.50 per equity share).Currently, the Company hold 17,06,925 equity shares of Rs 10 each aggregating 71.19% of the paid up equity share capital of Swaraj Automobiles.
The sale is expected to be completed by first week of January 2016, subject to regulatory approvals.
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