Mahindra & Mahindra Financial Services To Raise ₹310 Cr Via NCDs

Money & Banking

PTI New Delhi | Updated on February 03, 2020 Published on February 03, 2020

Non-banking finance firm Mahindra & Mahindra Financial Services on Monday said it will raise up to ₹310 crore through non-convertible debentures (NCDs).

In a filing to BSE, the company said that the duly authorised committee has approved “the allotment of 3,100 secured redeemable non-convertible debentures of the face value of ₹10,00,000 each, at par, aggregating to ₹310 crore.”

The deemed date of maturity of the debentures is February 3, 2023.

The shares of Mahindra & Mahindra Financial Services were trading at ₹357.10 apiece on BSE, up 1.41 per cent from the previous close.

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Published on February 03, 2020