Mahindra & Mahindra Ltd clarifies on entry into dairy sector

The Exchange had sought clarification from Mahindra & Mahindra Ltd with respect to news article appearing in DNA Money on February 26, 2015 titled "M&M wants to milk dairy sector; eyes up to Rs. 750 crore buyout".

Mahindra & Mahindra Ltd has replied stating that the article referring to a Senior Official of the Company commenting about the investment size, brand name and supply chain on the sidelines of a CII - organized SME summit is incorrect. This news item is very generic in nature and the Company will not be in a position to comment on the same.

As in the past, the Company would continue to inform stock exchanges about any price sensitive information before the same is made public.

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.1278.5 as compared to the previous close of Rs. 1251.1. The total number of shares traded during the day was 46772 in over 3988 trades.

The stock hit an intraday high of Rs. 1284.4 and intraday low of 1251. The net turnover during the day was Rs. 59679139.

Source : Equity Bulls

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