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Mahindra Finance raises Rs 500 crore through NCDs

15 Feb 2022 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 500 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 5000 NCDs having face value of Rs 10,00,000 each, at par. Date of maturity of the said NCDs will be February 14, 2025. The board of directors at its meeting held on February 15, 2022 has approved the same.

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

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