Mahindra & Mahindra Subsidiary Sells Remaining Stake in CIE Automotive S.A.
Mahindra & Mahindra Limited announced on May 14, 2026, the successful sale of its subsidiary's remaining stake in CIE Automotive S.A. The divestment, executed by Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), concludes MOICML's association with the Spanish automotive firm.According to the announcement, MOICML, a wholly owned subsidiary of Mahindra & Mahindra Limited, sold its entire remaining holding in CIE Automotive S.A. The transaction involved a stake representing 3.58% of CIE Automotive S.A.'s outstanding shares.
The sale resulted in a total consideration of approximately EUR 126 million.
Following the sale, the reporting confirms that MOICML's holding in CIE Automotive S.A. has become Nil, leading to the subsidiary ceasing its status as an associate of Mahindra Overseas Investment Company (Mauritius) Limited.
The key details of the stake sale are summarized below:
| Metric | Detail |
|---|---|
| Selling Entity | Mahindra Overseas Investment Company (Mauritius) Limited (MOICML) |
| Target Company | CIE Automotive S.A. ('CIE Spain') |
| Stake Sold | 3.58% of outstanding shares |
| Total Consideration | Approximately EUR 126 million |
| Post-Sale Holding | Nil |
M&M Stock Price Movement
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