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M&M has completed sale of its stake in Swaraj Automotive

Mahindra & Mahindra said that the sale of its entire 71.19 percent stake in Swaraj Automotives Ltd (SAL) has been completed by it for Rs 24.84 crore to b4S Solutions.

M&M said in a BSE filing that the company has completed the sale of 17,06,925 equity shares of Rs 10 each.

In October last year, the company had entered into an agreement with b4S Solutions for the sale of its entire stake in SAL.

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