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Mahindra & Mahindra to issue NCDs aggregating Rs 475 crore

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Capital Market

On private placement basis

Mahindra & Mahindra announced that the Loans & Investment Committee at its Meeting held on 26 September 2016, from 11:00 a.m. to 11.30 a.m., has approved issuance and offer of 4,750 Rated, Listed, Unsecured, Redeemable, 7.57% Non-Convertible Debentures of face value Rs. 10,00,000/- each ("NCDs"), at par, aggregating to Rs. 475 crore on private placement basis.

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First Published: Sep 26 2016 | 12:09 PM IST

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