India M&M to raise 5 bln rupees via 50-year bond sale

Newswire

MUMBAI, July 2 (Reuters) - India's Mahindra & Mahindra Ltd (M&M) plans to raise 5 billion rupees ($84.13 million) through 50-year bonds at 9.55 percent. The bond has been assigned AA+/Stable rating by Crisil, a press release by Crisil showed. ($1 = 59.4312 rupees) (Reporting by Archana Narayanan; Editing by Anand Basu)

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