Mahindra to sell financial svc unit shares to public

Newswire

MUMBAI, Oct 26 (Reuters) - Indian tractor and utility vehicle maker Mahindra & Mahindra Ltd. said on Wednesday its board had approved selling 10 million shares, or 14.25 percent, of its unit Mahindra & Mahindra Financial Services. It said the board of the financial services unit would consider on Oct. 27 an initial public offering, including the offer for sale by its parent.

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