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| Exchange Received Time 04/08/2017 18:08:44 Exchange Disseminated Time 04/08/2017 18:08:48 Time Taken 00:00:04 | This is in furtherance to our letter dated 3rd August, 2017 wherein we have inter-alia informed you that the Loans & Investment Committee of Directors, of Mahindra & Mahindra Limited ('the Company'), at its Meeting held on 3rd August 2017, had approved the offering of up to 96,66,173 Equity Shares of Mahindra Logistics Limited ('MLL'), held by the Company as part of the proposed Initial Public Offering ('IPO'), representing up to 13.74% of the existing issued and paid-up equity share capital of MLL, for sale in the IPO, subject to requisite approvals and market conditions.
MLL has informed the Company that it has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India ('SEBI') for a public offer of up to 1,93,32,346 Equity Shares, representing up to 27.49% of the existing issued and paid-up equity share capital of MLL, for cash, through an offer for sale of up to :-
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