Mahindra & Mahindra Ltd has allotted 6,03,856 ordinary (equity) shares upon the exercise of conversion option by the bondholders of the zero coupon foreign currency convertible bonds (FCCBs) of the Company. The above 6,03,856 ordinary shares shall rank pari passu in all respects with the existing ordinary (equity) shares of the company.
Shares of Mahindra & Mahindra were last traded on BSE at Rs 517.50, down by 1.05 per cent.
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