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Mahindra University, Educational Body Sell M&M Shares Received as Endowment

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Mahindra University and Mahindra Educational Institutions sold 867,027 shares of Mahindra & Mahindra (NSE:M&M, BOM:500520) received as an endowment contribution from Anuradha and Anand Mahindra, according to a Thursday exchange filing.

The shares, representing 0.07% of M&M's total voting share capital, were sold through the stock exchange.

Mahindra University sold 650,270 shares, while Mahindra Educational Institutions sold 216,757 shares.

Proceeds from the sale will be used for the university's educational and charitable objectives, including infrastructure, scholarships, research, student aid, and academic initiatives.

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Mahindra University, Educational Body Sell M&M Shares Received as Endowment | FINWIRES