Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds by allotment of secured redeemable non-convertible debentures aggregating to Rs 200 crore. The coupon rate on the bonds is 7.53% per annum.
Mahindra & Mahindra Financial Services, part of the Mahindra Group, is one of India’s leading non-banking finance companies. The company has reported a fall of 32.36% in its consolidated net profit after tax and minority interest at Rs 278.22 crore for the quarter ended March 31, 2017 as compared to Rs 411.33 crore for the corresponding quarter in the FY16.
