Mahindra & Mahindra Announces Sale of Equity Shares to CDPQ

Mumbai, June 3, 2019: Mahindra & Mahindra (M&M) Benefit Trust today sold 1.92 crore shares of Mahindra & Mahindra (M&M), amounting to Rs. 1244 crores, on the Bombay Stock Exchange. The buyer is CDPQ, an institutional investor that manages funds for several public and para-public organizations, mainly pension and insurance plans, in Quebec, Canada. Created in 1965, CDPQ today manages more than C$309.5 billion, with investments in 60 countries. They invest funds worldwide, targeting high-quality assets rooted in the real economy.