Mahindra & Mahindra raises Rs 475 cr via debentures

mahindraAutomobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years.

The face value of the 7.57% debentures are Rs 10,00,000 each.

Mahindra & Mahindra is an Indian multinational automobile manufacturing corporation based in Mumbai, Maharashtra.

It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors across the world.

It is a part of Mahindra Group, an Indian conglomerate.