M&M Unit Sells Stake in CIE Automotive for €119M

By By Rediff Money Desk, New Delhi
Dec 04, 2025 15:27
Mahindra & Mahindra unit, MOICML, offloads 3.58% stake in CIE Automotive S.A for 119 million euros. Mahindra shares rise on BSE.
New Delhi, Dec 4 (PTI) Mahindra & Mahindra on Thursday said its subsidiary has sold 3.58 per cent stake in CIE Automotive S.A for around 119 million euros.

Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), a wholly-owned subsidiary of the company, has sold part of its stake representing 3.58 per cent of CIE Automotive S.A outstanding shares, the Mumbai-based auto major said in a regulatory filing.

CIE Automotive SA is an associate of MOICML, it added.

Mahindra shares were trading 0.6 per cent up at Rs 3,672.20 apiece on the BSE.
Source: PTI
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mahindra & mahindracie automotivestake salemoicml119 million euros
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