With reference to the captioned subject, we would like to inform you that Mahindra Retail Private Limited ('MRPL'), an indirect subsidiary of the Company, has sold its entire shareholding (100%) in Mahindra Internet Commerce Private Limited ('MICPL'). Hence, MICPL has ceased to be a subsidiary of MRPL and as such 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. This is for your information. Kindly acknowledge receipt.
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