Wednesday, March 6, 2024

M&M promoter group entity initiates sale of shares; sale will reduce promoters’ stake to 18.57% from 19.32%

Prudential Management and Services Pvt Ltd (PMSL), a promoter group entity of Mahindra & Mahindra, is selling a small number of shares in the company for liquidity. The share sale, overseen by Kotak Securities, will reduce PMSL's holding. Mahindra's promoters collectively held a 19.32% stake in the company.

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