M&M Finance raises 4.3 bln via QIP

Newswire

MUMBAI, Feb 22 (Reuters) - Mahindra & Mahindra Financial Services Ltd said on Tuesday it has raised 4.26 billion rupees through a qualified institutional placement of 6.1 million shares at 695 rupees each. The firm, which received bids of more than 15.75 billion rupees, said the issue was oversubscribed four times with strong participation from international institutional investors. For related story see: [ID:nWNAS1010] The firm had said earlier this month it planned to raise 5.7 ...

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