Mahindra & Mahindra Ltd.

Auto major Mahindra & Mahindra (M&M) has received shareholders’ approval to raise up to Rs. 5,000 crore through issuance of securities on private placement basis in domestic and international markets. The company’s shareholders have approved resolutions at its annual general meeting (AGM) held on August 7 2015. the company has intended to use the funds to augment resources for ongoing capital expenditure, short and long term working capital and for general corporate purposes.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.