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Mahindra Finance raises Rs 300 crore through NCDs

22 Feb 2022 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 300 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 5.98% p.a., 3000 NCDs having face value of Rs 10,00,000 each, at par through private placement. Date of maturity of said NCDs will be February 22, 2024. The board of directors at its meeting held on February 22, 2022 has approved the same.

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

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