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Mahindra Finance raises Rs 553 crore via NCDs

14 Nov 2018 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds aggregating to Rs 553 crore. The duly authorized Committee of the company at its meeting held on November 14, 2018 approved the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at par. The said NCDs shall be listed on the Wholesale Debt Market Segment of the BSE.

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

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