IndiBlog

First time in the 65 year history of Mahindra & Mahindra, it is in the process of raising funds through a private placement to outside investor Goldman Sachs. A 3.68% stake in M&M is being offloaded to Goldman Sachs for Rs. 700 crore through convertible debentures. The additional resources would enable M&M to upgrade its R&D initiatie and develop new generation automotive technology and fresh models for the Indian & International market.