Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 275 crore through the allotment of 2,750 Secured Redeemable Non-Convertible Debentures (NCDs) at a Fixed Coupon of 7.4601% p.a. of the face value of Rs 10,00,000 each on private placement basis. A meeting of the Committee of the Board of Directors was held on August 23, 2022 to approve and allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.