Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 2,200 crore through the allotment of 2,20,000 Secured, Rated, Floating, Listed Redeemable Non-convertible Debentures (NCDs) of the face value of Rs 1,00,000 per debenture, issued at par, on private placement basis to the identified investors.
The same includes Base issue size of Rs 2000 crore plus Green shoe subscription of Rs 200 crore aggregating to Rs 2200 crore. The said NCDs have been issued at a Floating Coupon of (3MTBILL+2.10% Spread) p.a. payable annually, subject to quarterly reset, and are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Debenture Allotment Committee of the company has on May 19, 2026 approved allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
