A Mahindra & Mahindra Ltd promoter entity plans to pare its stake in the automaker by offering 0.75% equity in the secondary market for Rs 1,832 crore.
Prudential Management and Services Pvt has offered to sell up to 93 lakh shares in the Mahindra Group company. The price range for the sale of shares is Rs 1,911.5–1,970.65 apiece
Management consulting firm Prudential Management held an 11.64% stake in Mahindra & Mahindra as of December 2023. Kotak Securities Ltd. is the sole bookrunner for the deal.