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| Exchange Received Time 13/06/2017 17:41:39 Exchange Disseminated Time 13/06/2017 17:41:44 Time Taken 00:00:05 | The Board of Directors of the Company at its Meeting held on 13th June, 2017 approved sale of a part of its shareholding in Mahindra Logistics Limited ('MLL'), a subsidiary of the Company, as part of the proposed Initial Public Offering ('IPO') of MLL, subject to requisite approvals and market conditions.
The size of the stake sale, price and other details of the IPO will be determined in due course by a Committee of Directors.
Kindly take the same on record and acknowledge receipt.
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