Moneycontrol PRO
UPCOMING EVENT:Moneycontrol Pro & Espresso (A Sharekhan Company) in association with Intrazon 2.0 bring to you India’s Largest Retail Intraday Traders Online Conference. Learn 12 Amazing Strategies from 12 Intraday Traders @ Rs. 600/-. Register Now!
you are here: HomeNewsBusiness

Mahindra Finance raises Rs 350 crore via debt

"A meeting of the duly authorised committee was held today, approving the allotment of secured redeemable non- convertible debentures of the face value of Rs 10 lakh each aggregating to Rs 350 crore," the company said in a regulatory filing.

September 05, 2017 / 04:21 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) today said it has raised Rs 350 crore by issuing debt securities.

"A meeting of the duly authorised committee was held today, approving the allotment of secured redeemable non- convertible debentures of the face value of Rs 10 lakh each aggregating to Rs 350 crore," the company said in a regulatory filing.

The company has not given any detail about the usage of the proceeds.

Shares of Mahindra Finance closed 2.77 per cent up at Rs 438.95 apiece on BSE.
first published: Sep 5, 2017 04:19 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark