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Mahindra Finance raises Rs 750.30 crore through NCDs
Oct-08-2024

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 750.30 crore through the allotment of 75,000 Unsecured, Subordinated (Tier II), Rated, Listed, Redeemable Non-convertible Debentures with the face value of Rs 1,00,000 per debenture, issued at a multiple pricing (i.e. at par and premium based on the investor pricing bids) on private placement basis to the identified investors. The said NCDs have been issued at a Fixed Coupon of 8.24% p.a. and are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Committee of Directors have on October 8, 2024 approved the allotment of the same. 

Mahindra Finance is one of India’s leading non-banking finance companies.


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