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Mayer s group on March 31 bought two dealerships in Daphne from retiring dealer Chris Myers Chris Myers Buick-GMC and Chris Myers Chrysler-Dodge-Jeep-Ram-Fiat. Those stores, about an hour from D Iberville, have been renamed Tameron Buick-GMC and Tameron Chrysler-Dodge-Jeep-Ram-Fiat. Terms of that deal weren t disclosed.
Mayer, whose group has owned Tameron Honda Eastern Shore in Daphne since 2003 and who became dealer principal in 2014
, said he has been looking to grow and happened to have multiple deals come his way at the same time. We ve been able to retain all the employees in all these acquisitions, Mayer said. They ve been pretty much turnkey and they ve been pretty successful in the past and we just want to continue that success.
Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and escalated risk of default on COVID-19 induced disruptions in capital intensive businesses. Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising. We should see money mobilization through NCD route to the tune of 2018-19 levels in FY22 as many companies are entering capex cycle, GDP is projected to grow in double digits and bond yields have started to go up making more case for NCD issuances, Divam Sharma, co-founder at Green Portfolio, said.
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