M&M Financial to Raise ₹1000 Cr via NCDs; Kilburn, JOJO News

M&M Financial Services to Raise ₹1,000 Crore

Mahindra & Mahindra Financial Services has approved a plan to raise up to ₹1,000 crore by issuing Non-convertible Debentures (NCDs) on a private placement basis.

• The company’s Debenture Issuance Committee sanctioned the offer of up to 1,00,000 secured, rated, listed, redeemable NCDs.
• Each NCD will have a face value of ₹1,00,000.
• The issuance comprises a base size of ₹500 crore, with a green shoe option to retain an additional ₹500 crore.
• These NCDs will carry a tenure of 3 years.

Kilburn Engineering Secures Significant Orders

In related corporate news, Kilburn Engineering has secured orders totaling approximately ₹70.20 crore.

• These orders were placed by Casale SA, a technology licensor based in Switzerland.
• The work involves the design, engineering, and manufacture of process equipment specifically for fertilizer-related applications.

JOJO Partners with Dish TV India

Separately, JOJO has entered a content partnership with Dish TV India.

• This collaboration integrates the JOJO App as a bundled subscription offering.
• The content will be accessible within Dish TV India Limited’s VZY platform, an integrated Smart TV and digital entertainment ecosystem.
• VZY platform users will gain access to the JOJO App’s content as part of their existing Dish TV subscription, eliminating the need for a separate purchase.