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Exchange Received Time  11/08/2017 20:15:59 Exchange Disseminated Time 11/08/2017 20:16:04 Time Taken 00:00:05 | With reference to the captioned subject, we would like to inform you that Mahindra Overseas Investment Company (Mauritius) Limited ('MOICML'), a wholly owned subsidiary of the Company, has agreed to sell its entire shareholding of 51% in Mahindra Yueda Yancheng Tractor Company Ltd ('MYYTCL'), China. Upon receipt of requisite regulatory approvals and completion of other formalities, MYYTCL will cease to be a subsidiary of MOICML and in turn of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given in Annexure A to this letter. A Press Release issued by the Company is also given as Annexure B to this letter. This is for your information. Kindly acknowledge receipt. |
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