M&M Block Deal: Promoter Likely Seller; Shares Worth Rs 2,184 Crore Change Hands
Mahindra and Mahindra (M&M) saw a 4% share drop post-block deal, involving a 0.9% stake shift worth Rs 2,184 crore. Promoter group entity, PMSP Ltd, considers selling 0.75% stake to raise $215 million. M&M’s promoter group collectively holds a 19.32% stake, with PMSP owning 11.64%. Family seeks liquidity for specific needs, proposing to sell a … Read more