Financial services Mahindra and Mahindra (Mahindra Finance) plan to raise $ 29,000 through the issuance of non-convertible bonds (ENT) and solicit the consent of the shareholders of the same.
In a notice to shareholders, the company said it “proposes to offer subscriptions or invite NCDs or redeemable unsecured subordinated obligations including the domestic and / or international market or one several series or tranches, up to Rs 29,000 cros in one placement Private “.
ENT, including subordinated obligations issued by private placement, a major source of loans for the company.
12:34 Europe opens its doors: European markets open on Monday as investors look beyond the global threats of cyber security and North Korea’s latest missile test.
The FTSE 100 started trading 0.13% higher at 7445; The DAX opened 0.43 percent at 12,827; And CAC 40 started the day 0.08 percent to 5,409.
12:10. Market Check: Benchmark stock indexes extended their earnings during the morning session, with the skilled around 9450 points.
The Sensex rose 152.81 points 30,340.96, while Nifty increased by 45.30 points to 9446.20. The width of the market, however, declined, while stocks of 1,468 advanced against a decline of 1,029 shares, while 148 stocks remained unchanged.
Tata Steel, Dr. Reddy Laboratories and Hindalco have won the majority, while Infosys, Bharti Infratel and Adani Ports were the top losers.
Stocks of banks and pharmacies increased during early trading, the Nifty index more than a winner percent.