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Mahindra Finance raises Rs 50 crore via NCDs

05 Sep 2018 Evaluate

Mahindra & Mahindra Financial Services’ (Mahindra Finance) board has approved the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at premium, aggregating to Rs 50 crore.

The said NCDs shall be listed on the Wholesale Debt Market Segment of the BSE. The duly authorized Committee of the company at its meeting held on September 5, 2018, approved the same.

Mahindra Finance one of India’s leading non-banking finance companies.

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