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Mahindra Ugine Steel Co Ltd Sells Stake, Property To Mahindra And Mahindra Ltd-Business Line
Business Line reported that Mahindra Ugine Steel Co Ltd, has sold entire 51% stake in Mahindra Sanyo Special Steel Pvt Ltd, a subsidiary of the Company, to Mahindra and Mahindra for INR214 crore. The Company has also sold about 76 acres at Khopoli in Raigad district to Mahindra & Mahindra for INR126 crore. The valuation of both the deals was done by independent professional firm, the Company said in a release on June 15, 2013.
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