Mahindra and Mahindra Financial Services Ltd has raised $94 million through a share sale to institutional investors, two sources with direct knowledge of the matter told Reuters on Wednesday.
The issue was launched on Tuesday and the books are fully subscribed, they said.
Citigroup, JM Financial Services and Kotak Mahindra Capital, a division of Kotak Mahindra Bank , managed the offering, said the sources, who declined to be named as they were not authorised to speak to the media before a public announcement.
The company earlier said the floor price of the issue was fixed at Rs 672.75 a share.
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/mm-fin-raises-94-ml-in-share-sale-report/articleshow/7506887.cms
The issue was launched on Tuesday and the books are fully subscribed, they said.
Citigroup, JM Financial Services and Kotak Mahindra Capital, a division of Kotak Mahindra Bank , managed the offering, said the sources, who declined to be named as they were not authorised to speak to the media before a public announcement.
The company earlier said the floor price of the issue was fixed at Rs 672.75 a share.
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/mm-fin-raises-94-ml-in-share-sale-report/articleshow/7506887.cms
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