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Mahindra Finance raises Rs 216.70 crore via NCDs

14 Jul 2022 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 216.70 crore through the allotment of 2,167 Zero Coupon Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each. Date of maturity of the said NCDs will be February 14, 2024. A meeting of the Committee of the Board of Directors was held on July 14, 2022 to approved the allotment of the same.

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

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