Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 116.5 crore through allotment of 11,650 Senior, Secured, Redeemable, Rated, Listed, Principal Protected Non-Convertible Market Linked Debentures (NCDs) of the face value of Rs 1,00,000 each, on private placement. The Board of Directors of the Company at its meeting held on January 17, 2023 has approved the same.
Mahindra Finance is one of India’s leading non-banking finance companies.