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Mahindra Finance raises Rs 500 crore through NCDs

16 Oct 2020 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 500 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 5,000 NCDs having face value of Rs 10 lakh each at par. The Board of Directors of the company at its meeting held on October 16, 2020 has approved and allotted the same.

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

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