M&M to raise 5 bln rupees via 50-year bond sale

Last Updated: Tue, Jul 02, 2013 06:53 hrs

Mahindra & Mahindra Ltd (M&M) plans to raise 5 billion rupees ($84.13 million) through 50-year bonds at 9.55 percent.

The bond has been assigned AA+/Stable rating by Crisil, a press release by Crisil showed. ($1 = 59.4312 rupees)

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