Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 682 crore through the allotment of 68,200 Senior, Secured, Rated, Listed, Redeemable Non-convertible Debentures (NCDs) at a Fixed Coupon of 8.10% p.a. (AG2023) of the face value of Rs 1,00,000 each, through private placement. The Committee of Directors, as authorized by the Board of Directors of the Company, at their meeting held on April 21, 2023 has approved allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
