Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for raising funds worth around Rs 40 crore through allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each. The meeting of the duly authorised Committee held on June 8, 2018, approved the same.
The Deemed date of allotment is June 8, 2018 and the tenure of the instrument is 3 years and 324 days from the deemed date of allotment and it will mature on April 28, 2022.
Mahindra & Mahindra Financial Services one of India’s leading non-banking finance companies.
