India's Mahindra sells 15.88 pct stake in Ford-BSE

Newswire

BOMBAY, March 30 (Reuters) - Mahindra & Mahindra Ltd. , India's biggest utility vehicles maker, has sold its 15.88 percent stake in Ford India Ltd. , the firm told the Bombay Stock Exchange on Wednesday. The value of the deal was not immediately known. The firms have been in a relationship for more than a decade, but both companies operate in different business environments and have to manage their goals independently, the statement said. The divestment of the stake represents a ...

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