 "M&M to divest Mahindra Holidays stake"){kind=logo}
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Mahindra & Mahindra, the country’s largest utility vehicles maker, said on Thursday its board has approved divestment of up to 8.09 percent stake held in unit Mahindra Holidays & Resorts India Ltd.
The divestment would be in one or more tranches by June 2013, it said in a statement.
At present, Mahindra & Mahindra holds 83.09 percent stake in Mahindra Holidays.
Reuters
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