India's M&M to subscribe to warrants in unit

Newswire

MUMBAI, Jan 25 (Reuters) - India's Mahindra & Mahindra said on Monday it will subscribe to 7.3 million warrants in unit Mahindra Forgings , which will enable it to acquire shares at 137 rupees each. At 0949 GMT, Mahindra Forgings shares were trading at 118.70 rupees, down 2.1 percent in a weak Mumbai market. (Reporting by Prashant Mehra; Editing by John Mair)

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