Mahindra & Mahindra Limited (NSEI:M&M) is looking to offload 2.5% -3% stake in its electric vehicle business. The company is in discussions with investors regarding the same, Anish Shah, MD and CEO of the company told CNBC-TV18. “We have never actively looked for funding in our EV business and we would not like to dilute a lot.

British International Investment (BII) has come in with a 2.5% -3% stake and we may look at a 2.5% -3% stake at some point in time," said Shah.