Mahindra & Mahindra’s arm Sells Entire stake in MICPL

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Mahindra & Mahindra has said in a filing to the Bombay Stock Exchange that Mahindra Retail Private Limited ('MRPL'), an indirect subsidiary of the company, has sold its entire shareholding (100 per cent) in Mahindra Internet Commerce Private Limited ('MICPL'). Hence, MICPL has ceased to be a subsidiary of MRPL and as such of the Company. 

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Mahindra and Mahindra Limited is an Indian multinational automobile manufacturing corporation headquartered in Mumbai, Maharashtra, India. It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world. Meanwhile, shares of the company were trading at Rs 1271.60 apiece, up 0.06 per cent from the previous close at 09:29 hours on BSE.


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