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Shares of Mahindra & Mahindra Financial Services will remain in focus, as its ₹500-crore non-convertible debenture issue opens for subscription. The issue, which has a greenshoe option to retain oversubscription of ₹3,000 crore, will close on January 25. The issue has four series with coupon rates varying from 9 per cent to 9.35 per cent. The NCDs offered through this first tranche are proposed to be listed on the BSE. Investors will watch the response to the issue.
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