Mahindra and Mahindra to raise Rs 1,350 crore

Utility vehicle manufacturer Mahindra and Mahindra plans to raise up to Rs 1,350 crore for launching new products.

Utility vehicle manufacturer Mahindra and Mahindra plans to raise up to Rs 1,350 crore for launching new products, capacity expansion and acquisitions. M&M would raise up to Rs 1,260 crore from international markets through issuance of equity shares or Foreign Currency Convertible Bonds (FCCBs). It would also raise Rs 90 crore through the issue of shares or other securities to Qualified Institutional Buyers (QIP).

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