Shares of Mahindra & Mahindra Limited (NSEI:M&M) fell 4.25% to the day's low at INR 1,885 on BSE in March 7, 2024 session amid a 0.8% equity block deal in which the promoters are likely to have sold partial stake. The conglomerate?s promoter group entity Prudential Management and Services (PMSL) was looking to sell stake in the company. ?Post transmission of shares of PMSL held by the former chairman of M&M, late Mr. Keshub Mahindra (who passed away on 12th April 2023), to his family members, the family is looking for liquidity for specific needs, and hence proposes to sell a small number of shares held by PMSL in M&M,?

M&M had said in an exchange filing.