Tuesday, August 16th, 2022 14:59:42

Mahindra & Mahindra To Seek Nod To Raise Rs 5,000 Crore

Updated: July 25, 2015 8:35 am

Utility and tractor vehicle major Mahindra & Mahindra will seek shareholder approval to raise up to Rs 5,000 crore through issue of securities on private placement basis at the upcoming annual general meeting. In its latest annual report the Mumbai-based company stated that it intends to use the funds to augment resources for the ongoing capital expenditure, long-term working capital/short term working capital and for general corporate purposes.

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