Participaciones Internacionales Autometal Dos, S.L., along with CIE Automotive S.A. and Autometal S.A., has entered into a share purchase agreement to acquire 30.25 million of equity shares, representing a 64.96% of the equity share capital, of Mahindra Hinoday Industries, Ltd., an India-based manufacturer of ferrites and ductile iron castings for the automotive, electronics, telecom and other sectors, from Mahindra & Mahindra Limited for a consideration of INR2,689.58 million ($46.71 million).