Mahindra & Mahindra Financial Services (Mahindra Finance) has received approval to raise Rs 250 crore with a green shoe option upto Rs 1250 crore through Secured, Rated, Listed, Redeemable Non convertible Debentures (NCDs) on private placement basis.
The Committee of Directors at its meeting held on July 30, 2024 has approved the same. The allotment and maturity will be on August 02,2024 and August 30, 2027 respectively.
Mahindra Finance is one of India’s leading non-banking finance companies.