Mahindra & Mahindra Limited has announced the sale of its remaining stake in CIE Automotive S.A. through its wholly-owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited. This transaction marks the end of Mahindra's association with CIE Automotive.
On May 14, 2026, Mahindra Overseas Investment Company (Mauritius) Limited completed the sale of its remaining 3.58% stake in CIE Automotive S.A.
The transaction was valued at approximately €126 million. This sale results in Mahindra Overseas Investment Company no longer holding any shares in CIE Automotive, effectively ending its status as an associate.
The sale was conducted in accordance with Regulation 30, read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mahindra & Mahindra has ensured that all necessary disclosures have been made to the National Stock Exchange of India Limited and BSE Limited. The details of the transaction have also been uploaded on the company's official website.
This divestment aligns with Mahindra & Mahindra's strategic objectives, allowing the company to reallocate resources and focus on other ventures.
The decision to sell the stake in CIE Automotive reflects a shift in the company's investment strategy.
Read More: Mahindra Group Appoints Vimal Agarwal As Group Chief Internal Auditor from July 1, 2026!
As of May 14, 2026, at 12:02 PM, Mahindra & Mahindra share price on NSE was trading at ₹3,147.00 up by 1.13% from the previous closing price.
Mahindra & Mahindra's sale of its remaining 3.58% stake in CIE Automotive for €126 million signifies a strategic shift in its investment portfolio. This move concludes the company's association with CIE Automotive, allowing Mahindra to focus on other business opportunities.
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Published on: May 14, 2026, 1:41 PM IST
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