Mahindra and Mahindra will be issuing non-convertible debentures worth Rs 1,000 crore for a tenure of three years to raise capital at a time when corporates are facing a liquidity crunch due to the lockdown imposed to contain the Covid-19 pandemic. The rated, listed, unsecured, redeemable non-convertible debentures (NCDs) have been rated ‘IND AAA’ with a stable outlook by rating agency India Ratings and Research.

— The Economic Times

Khaitan & Co advised Mahindra & Mahindra Ltd led by a team of partner Manisha Shroff, senior associate Jessica Gandhi, associate Aishwarya Tripathi and associate Siddhant Shetty.

2020-04-15

Deal value: $132m

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