Mahindra Ugine Steel has sold its entire 51 per cent stake in Mahindra Sanyo Special Steel Pvt Ltd, a subsidiary of the company, to Mahindra and Mahindra for Rs 214 crore. The company has also sold about 76 acres at Khopoli in Raigad district to Mahindra & Mahindra for Rs 126 crore. The valuation of both the deals was done by independent professional firm, the company said in a release on Saturday.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.