New Delhi, Jun 13 (PTI) Mahindra & Mahindra (M&M) today said its board has approved sale of a part of shareholding in its arm Mahindra Logistics. Also Read - Sanjay Raut Reacts to The Legal Notice Sent by Sushant Singh Rajput's Family, Says 'Said Based on The Information I Have'

The company’s board, which met today, has approved sales of a part of its shareholding in Mahindra Logistics ltd (MLL), a subsidiary of the company, as part of the proposed initial public offering of MLL, M&M said in a regulatory filing. Also Read - Union Minister Shripad Naik Tests COVID Positive, Urges All Who Came in Contact With Him to Isolate Themselves

The size of the stake sale, price and other details of the IPO will be determined in due course by a committee of directors, it added. Also Read - Remarkable Gesture: Punjab CM Gives Smartphones to Class 12 Students as Part of 'Smart Connect Scheme'

Shares of M&M ended 0.49 per cent down at Rs 1,417.35 on BSE.

This is published unedited from the PTI feed.