M&M signs pact with Ideal Motors to sell entire stake in associate co
This story was originally published at 22:23 IST on 31 July 2025
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MUMBAI – Mahindra & Mahindra Ltd. Thursday said it has executed a share purchase agreement with Ideal Motors Pvt. Ltd. to sell its entire 35% stake in its associate company Mahindra Ideal Lanka (Pvt.) Ltd. The sale is for a consideration of around INR 14 million and is expected to be completed by Oct. 31, Mahindra & Mahindra said in an exchange filing.
Mahindra & Mahindra reported a net profit of INR 34.50 billion for the June quarter on a revenue of INR 341.43 billion. Thursday, shares of the company closed slightly lower at INR 3,203.10 on the National Stock Exchange. End
Reported by Arya S. Biju
Edited by Rajeev Pai
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