Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) has received approval from Loans & Investment Committee to raise Rs 1,000 crore, 10,000 Rated, Listed, Unsecured, Redeemable, 6.65% Non Convertible Debentures of face value Rs 10,00,000 (NCDs), at par on private placement basis.

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.