Mahindra & Mahindra’s $132 Million NCD Bond Offering


Khaitan & Co advised Mahindra & Mahindra Ltd on the offering.

As reported in Legally India and in others online publications Mahindra and Mahindra completed a non-convertible debentures offering worth Rs 1,000 crore (approx. $132 million).

Mahindra & Mahindra Ltd. manufactures automobiles, farm equipment and automotive components, its automobile products include light, medium and heavy commercial vehicles, jeep type vehicles and passenger cars. The Company also manufactures agricultural tractors, agricultural implements, internal combustion engines, industrial petrol engines, spare parts and machine tools.

The Khaitan & Co team was led by partner Manisha Shroff (Picture), senior associate Jessica Gandhi, associate Aishwarya Tripathi and associate Siddhant Shetty.

Involved fees earner: Jessica Gandhi – Khaitan & Co.; Siddhant Shetty – Khaitan & Co.; Manisha Shroff – Khaitan & Co.; Aishwarya Tripathi – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Mahindra & Mahindra;

Author: Michael Patrini