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Mahindra Holiday & Resort India LTD signs for pre-IPO investment of US$-10.06 million for 1% stake
Mumbai: Mahindra Holidays & Resorts India Limited (MHRIL or the 'Company'), a leisure hospitality provider offering quality family holidays and a subsidiary of Mahindra Holdings and Finance Ltd (a wholly-owned subsidiary of Mahindra & Mahindra Limited), has finalised a 1% private placement deal with NYLIM Jacob Ballas India Fund III, LLC, for a consideration of around US $ 10.06 million. The equity shares to be transferred to NYLIM Jacob Ballas India Fund III, LLC, shall be subject to lock-in after the IPO as per SEBI regulations.
Mahindra Holidays & Resort India Limited signs pre-IPO investment of Rs .8 billion for a 2% stake
Mumbai: Mahindra Holidays & Resorts India Limited (MHRIL or the 'Company'), a leisure hospitality provider offering quality family holidays and a subsidiary of Mahindra Holdings and Finance Ltd (a wholly-owned subsidiary of Mahindra & Mahindra Limited), has finalised a 2% private placement deal with the State Bank of India for a consideration of around Rs. 0.8 billion. The equity shares to be transferred to the State Bank of India shall be subject to lock-in after the IPO as per SEBI regulations.
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