Please refer to the enclosed file.
M&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahindra & Mahindra's wholly-owned subsidiary MOICML has sold its entire remaining 3.58% stake in CIE Automotive S.A (a listed company trading on Luxembourg and London Stock Exchanges) for approximately EUR 126 million. Following this sale, MOICML's holding in CIE Spain becomes zero, and CIE Automotive ceases to be an associate company of the Mahindra group. This appears to be a staged exit, with the company having previously informed about an initial sale on 4th December 2025.
This represents a complete divestment of a foreign associate investment, generating significant foreign currency proceeds. While this exit does not directly impact M&M's core automotive or farm equipment business, it reduces the company's exposure to the auto components sector through this listed Spanish entity.