Mahindra CIE Automotive Limited had announced earlier about the approval of the Board of Directors of the Company for acquisition of 100% of the issued and outstanding share capital of Aurangabad Electricals Limited ('AEL') and authorized the signing of share purchase agreement.
The Company has completed the acquisition of 100% issued and outstanding share capital of AEL from the respective shareholders and AEL has become a wholly owned subsidiary of the Company.
Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.222.45 as compared to the previous close of Rs. 222.75. The total number of shares traded during the day was 3305 in over 199 trades.
The stock hit an intraday high of Rs. 224.6 and intraday low of 220.6. The net turnover during the day was Rs. 736035.