According to a term sheet that Mint, a news agency had reviewed, Prudential Management and Services Pvt Ltd, a subsidiary of Mahindra & Mahindra's promoter group, has started selling up to 9.3 million shares through block transactions, or 0.75% of the company's ownership. The shares are being offered at a price range of ₹1,911.5 to ₹1,970.65 apiece, and the deal is valued at ₹1777.7 crore ($215 million), according to the company's term sheet. The sale process is being managed by Kotak Securities. The shares concluded the day on the BSE 1.6% higher, at ₹1,970.65 According to shareholding statistics from the markets, as of December 31st, Mahindra's promoters collectively held a 19.32% interest in the parent firm, which included Prudential Management's 11.64% position. Compared to the 23% increases in the benchmark Sensex during the same period, the Mahindra stock has increased by 55% year to date.