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Mahindra Finance to raise up to Rs 2,000 crore through NCDs
Nov-11-2026

Mahindra & Mahindra Financial Services (Mahindra Finance) has secured approval to raise up to Rs 2,000 crore through allotment of Non-convertible Debentures (NCDs) on private placement basis. The Debenture Issuance Committee, as authorized by the Board of Directors of the company, has at its meeting held on November 11, 2026 approved the offer and issuance of up to 2,00,000 secured, rated, listed, redeemable NCDs, having face value of Rs 1,00,000 each. 

The issuance comprises a base issue size of Rs 750 crore with green shoe of additional Rs 1,250 crore. The NCDs have a tenure of 2 years & 314 days from the deemed date of allotment and carry a coupon rate of 8.45% per annum. The deemed date of allotment is November 16, 2026. 

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


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