With reference to the captioned subject, we would like to inform that Mahindra Renewables Private
Limited ('MRPL') a step-down wholly owned subsidiary of the Company, has today agreed to sell
its entire stake aggregating 100% of the paid-up Equity Share Capital in Cleansolar Renewable
Energy Private Limited ('CREPL'), Divine Solren Private Limited ('DSPL') and Neo Solren Private
Limited ('NSPL'), wholly owned subsidiaries of MRPL, to CLP India Private Limited ('CLP').
Following the sale, MRPL's shareholding in CREPL, DSPL, NSPL would come down to Nil, and
CREPL, DSPL, NSPL will cease to be the subsidiaries of MRPL and consequently of the Company.