Mahindra & Mahindra repurchases $6.5 million convertibles at discount

By Devika Patel

Knoxville, Tenn., March 5 - Mahindra & Mahindra Ltd. informed the Bombay Stock Exchange that it bought back 65 of its foreign currency convertible bonds, par value of $100,000 each, for a total of $6.5 million, at a discount.

The bonds were subsequently cancelled.

Based in Mumbai, India, Mahindra & Mahindra is an automobile manufacturer.

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