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Mahindra Engineering and Chemical Products divests 49Percentage stake in Mahindra Tsubaki Conveyer Systems

1 Mar 2022 , 01:33 AM

Mahindra Mahindra announced that its wholly owned subsidiary Mahindra Engineering and Chemical Products MECPL has completed the sale of its entire 49Percentage stake in Mahindra Tsubaki Conveyer Systems MTC to Tsubakimoto Bulk Systems Corp for a consideration of Rs 5889 crore With this transaction MTC ceases to be associate company of MECPL

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