Business Standard

Mahindra Renewables divests entire stake in Divine Solren

Image

Capital Market
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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 16 2020 | 5:13 PM IST

Explore News