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Mahindra & Mahindra Financial Services Ltd. has announced the allotment of 75,000 Secured, Rated, Listed, Redeemable Non-convertible Debentures (NCDs) with a face value of ₹1,00,000 each, at par, raising ₹750 Cr. These NCDs, with a coupon rate of 7.8863% p.a. and a tenure of 3 years and 85 days, were successfully placed with identified investors. The company plans to list these securities on the Wholesale Debt Market Segment of BSE Limited, marking a strategic move to enhance its funding capabilities.
All announcements from Mahindra & Mahindra Financial Services Limited