Sale4 Dec 2025, 09:48 am
Mahindra Subsidiary Sells Stake in CIE Automotive for Approx. 119 Million Euros
AI Summary
Mahindra Overseas Investment Company (Mauritius) Limited, a wholly owned subsidiary of Mahindra & Mahindra Ltd, has sold part of its stake in CIE Automotive S.A, an associate of MOICML. The sale represents 3.58% of CIE Spain's outstanding shares and has fetched a total consideration of approximately 119 million Euros.
Key Highlights
- Mahindra's subsidiary sells stake in CIE Automotive for 119 million Euros
- The sale represents 3.58% of CIE Spain's outstanding shares
- CIE Automotive S.A is an associate of Mahindra Overseas Investment Company (Mauritius) Limited