Mahindra & Mahindra Financial Services (Mahindra Finance) has received approval from Registrar of Companies to raise up to Rs 10,000 crore through non-convertible debentures (NCDs). The company will issue secured redeemable NCDs and/or unsecured subordinated redeemable NCDs of face value of Rs 1,000 each.
Mahindra Finance one of India’s leading non-banking finance companies.