M&M sells Mahindra First Choice Services for ₹21.5 cr to TVS
M&M sells Mahindra First Choice Services for ₹21.5 cr to TVS February 25, 2021 × Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra, on Thursday said that it has sold its entire stake in Mahindra First Choice Services (MFCS) for ₹21.5 crore, as well as its entire stake in MFCS’ subsidiary, Auto Digitech Private Limited, for ₹13.5 crore, to TVS Automobile Solutions Private Limited. MFCS is involved in the business of servicing multi-brand car and two-wheelers. Mahindra Holdings had on November 26, 2020, agreed to sell its entire stake aggregating 100 per cent of t...
Source: thehindubusinessline.com