Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 1009.15 crore through the allotment of 1,00,000 Secured, Redeemable, Non-convertible Debentures (NCDs) of the face value of Rs 1,00,000 per debenture issued at a discount of Rs 99.1753 per debenture and accrued interest of Rs 1,014.3443 per debenture, on private placement basis to the identified investors. The said NCDs have been issued at a Fixed Coupon of 8.25% p.a. with effective yield (XIRR) at 8.28% and 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 March 14, 2024 has approved allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
