Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has received approval from Loans & Investment Committee to raise Rs 500 crore through Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs), 6.19%, 5,000 nos NCDs for cash 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.