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.