Mahindra & Mahindra Ltd. has sold a 3.58% stake in Spain-based CIE Automotive S.A. through its subsidiary Mahindra Overseas Investment Company (Mauritius) Limited. The deal, worth approximately €119 million, reflects Mahindra’s ongoing portfolio optimization strategy while maintaining its long-term association with CIE Automotive as an important partner.
Mahindra & Mahindra Ltd. (M&M), one of India’s leading automotive and diversified conglomerates, announced a significant divestment move. Its wholly owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), has sold part of its shareholding in CIE Automotive S.A., Spain.
The transaction highlights Mahindra’s focus on capital efficiency and strategic portfolio management, while continuing to retain CIE Automotive as an associate company.
Key Highlights:
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Stake sold: 3.58% in CIE Automotive S.A.
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Transaction value: Approximately €119 million (around INR 1,070 crore).
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Seller entity: Mahindra Overseas Investment Company (Mauritius) Limited (MOICML).
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CIE Automotive status: Remains an associate company of MOICML.
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Disclosure made under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
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Strategic intent: Strengthening portfolio realignment while sustaining global automotive partnerships.
This move underscores Mahindra’s balance between monetizing investments and sustaining long-term collaborations in the global automotive supply chain.
Sources: Business Upturn, SEBI Filings