Money & Banking

Mahindra & Mahindra Financial Services to raise ₹310 cr via NCDs

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 03, 2020
This article is closed for comments.
Please Email the Editor