Equity benchmarks have continued to trade lower, with the Sensex falling 200 points. The Nifty is well below 10,750-mark as well.
The Sensex is down 195.78 points or 0.55% at 35695.74, and the Nifty down 70.80 points or 0.66% at 10721.70. The market breadth is negative as 893 shares advanced, against a decline of 1,218 shares, while 129 shares were unchanged.
Mahindra & Mahindra Financial Services plans to raise up to Rs 3,500 crore through public issue of non-convertible debentures (NCDs).
The company plans to undertake a public issue of NCDs for an amount aggregating up to Rs 500 crore (base issue size), opening on January 04, 2019. The issue will close on January 25.
It will have an option to retain oversubscription up to to Rs 3,000 crore aggregating up to Rs 3,500 crore (tranche I issue).