UPDATE 2-India's Mahindra, Ford sell cross-holdings

Newswire

(Adds Temasek purchase, Ford comment) BOMBAY, March 30 (Reuters) - India's biggest utility vehicles maker, Mahindra & Mahindra Ltd. and Ford India have sold their cross-holdings in each other after nearly a decade, company officials said on Wednesday. Mahindra sold its 15.88 percent stake in Ford, while the Detroit-based car maker sold its 5.16 percent stake in the Indian firm. Ford's sale of nearly 6 million shares, at 483 rupees per share on the Bombay exchange, was valued at ...

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