Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 May, 2015 15:27 IST
M&M Financial sells stake in arm to Inclusion Resources
Source: IRIS | 21 Sep, 2012, 09.56AM
Comments  |  Post Comment

Mahindra & Mahindra Financial Services has announced on Thursday that it has approved the proposal for sale of 12.37% stake in its wholly-owned subsidiary viz. Mahindra Insurance Brokers to Inclusion Resources for an amount aggregating Rs 643.3 million.

Inclusion Resources is a subsidiary company of Leapfrog Financial Inclusion Fund, incorporated in Singapore. This stake sale is subject to the receipt of necessary regulatory approvals.

Shares of the company declined Rs 7.05, or 0.83%, to trade at Rs 837.55. The total volume of shares traded was 19,614 at the BSE (9.54 a.m., Friday).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Apollo Hospitals Enterprise quarterly net drops 4.93% - 28-May-2015 15:21
ESS DEE Aluminium quarterly earnings drop 30.86% - 28-May-2015 15:18
Bayer CropScience quarterly net drops 6.06% - 28-May-2015 15:18
Trent quarterly earnings plummet 54.17% - 28-May-2015 15:11
SJVN quarterly profit up 27.79% - 28-May-2015 15:11
Hindalco Q4 earnings fall 35.7% on exceptional item - 28-May-2015 15:10
Simplex Infrastructures quarterly profit rises 11.15% - 28-May-2015 14:05
D B Realty turns to loss in Jan-Mar quarter - 28-May-2015 14:05
Max Healthcare Institute to buy 76% stake in NCR based hospital for Rs 2.87 bn - 28-May-2015 13:58
Hold GAIL with target price of Rs 435: IndiaNivesh - 28-May-2015 13:56
Zicom inks pact with Biometronic to supply IriTECH product line - 28-May-2015 13:46
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer