Focus on U.S. Fed
What the Fed will weigh at its meeting
Policymakers will likely announce that they will keep buying bonds, while keeping their options open to scale back the program later this year if the labor market continues to improve. Full Article
REUTERS SHOWCASE
Asian Stocks Outlook
Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
M&M Financial Service selling shares to raise about $160 mln - sources
MUMBAI |
MUMBAI (Reuters) - Mahindra & Mahindra Financial Services (MMFS.NS), which provides financial services in the rural and semi-urban areas, launched a share sale on Wednesday to raise about $160 million, two sources with direct knowledge of the situation said.
The company is selling shares to institutional investors in the price band of 881-889 rupees a share, said the sources, declining to be named as they were not authorised to speak to the media.
Shares in M&M Financial, which the market values at $1.7 billion, ended 0.4 percent lower on Wednesday at 889.80 rupees, while the main Mumbai market index closed 0.5 percent higher.
(Reporting by Sumeet Chatterjee; Editing by Louise Heavens)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters