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Mahindra Finance raises Rs 80 crore via NCDs

21 Jul 2022 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 80 crore through allotment of 80 Unsecured Redeemable Non-Convertible Subordinated (Tier II) Debentures (NCDs) of the face value of Rs 10 lakh each through private placement. Date of maturity of the said NCDs will be July 21, 2032. A meeting of the Committee of the Board of Directors was held on July 21, 2022 to approve and allotment the same.

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

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