Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 300 crore through the allotment of 8.35%, 30,000 Unsecured, Rated, Listed, Redeemable Non-convertible Subordinated (Tier II) Debentures (NCDs) of Rs 100,000 each for cash at par on private placement basis to the identified investors. The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Committee of Directors, as authorized by the Board of Directors of the Company, at their meeting held on January 16, 2024 has approved allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
