Mahindra & Mahindra Limited (NSEI:M&M) plans to sell minority stake in Mahindra Agri Solutions Limited to PEs to raise upto INR 3 billion, a senior executive said. The fundraising exercise is part of a pump priming plan for the agriculture business for faster growth. Ashok Sharma, President of Mahindra said, "One of the options we are valuating in next year is raising money through private equity funds by divesting a small stake".
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- Mahindra Pans To Sell Minority Stake In Agri Unit