|13th July 2016, 12:46||#1|
Join Date: Jul 2014
Location: Toronto, Pune
Thanked: 601 Times
M&M to raise INR 5,000 Crore
In order to increase resources for ongoing capital expenditure, long term /short term working capital and for general corporate purpose, Mahindra and Mahindra to move the motion seeking shareholders' permission to raise funds in Annual general meeting on 10th Aug.
Company plans to raise INR 5,000 crore by offering securities, including but not limited to, non-convertible debentures and or commercial paper for an amount not exceeding Rs 5,000 crore.
It is to be noted that M&M received shareholders' approval to raise similar amount in last year's AGM (Aug 2015) but the company did not go ahead with fund raising plan due to undisclosed reasons.
Since the said approval is valid for a year, M&M again needs to approach shareholders to raise funds.
|13th July 2016, 14:07||#2|
Join Date: Jun 2007
Thanked: 21,483 Times
Re: M&M to raise INR 5,000 Crore
It's like you or me taking a small personal loan for a foreign holiday trip.
M&M, on a standalone basis, has an operating profit for Rs. 5,000 Crores
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Bajaj Avenger 150 Street / 220 Street launched at INR 75,000 / 84,000||aniketi||Motorbikes||29||21st September 2017 18:39|
|Renault-Nissan to invest Rs. 5,000 crore in plant expansion. EDIT: Might be 500 crore||Aditya||The Indian Car Scene||6||7th September 2015 15:39|
|Honda builds 2 Crore Automobiles in the USA (1 Crore Accords)||sarathlal||The International Automotive Scene||3||22nd March 2014 02:38|
|25 Lakh INR cars sold at 3lakh INR !!!||speedsatya||The Indian Car Scene||3||22nd June 2010 21:58|
|Logan: Is this a VFM now, after 70,000 INR discount?||mohandas||The Indian Car Scene||48||22nd May 2009 11:25|