M&M prices $200 mn FCCB issue

Auto major Mahindra & Mahindra has priced its $200 million Foreign Currency Bonds (FCCBs) issue.

Auto major Mahindra & Mahindra Ltd on Friday said it has priced its 200 million dollars Foreign Currency Bonds (FCCBs) issue.

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The FCCBs have a face value of $100,000 per bond and an initial conversion price of Rs 922.04 per share, the company informed the Bombay Stock Exchange.

The company's share was trading at Rs 664 up 0.94 per cent at the BSE on Friday.