Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 2000 crore through the allotment of 20,000 Secured Redeemable Non-Convertible Debentures (NCDs) at a Fixed Coupon of 8.00% p.a. (Series AG2022) of the face value of Rs 10,00,000 each, through private placement. A meeting of the Committee of Directors, as authorized by the Board of Directors of the Company, was held on September 27, 2022 has approved the allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
