Moneycontrol
Get App
you are here: HomeNewsIndia
Last Updated : Apr 29, 2020 02:34 PM IST | Source: PTI

Mahindra & Mahindra Financial Services to raise up to Rs 475 crore via NCDs

The tenure of the instrument is two years and 364 days from the deemed date of allotment, it said. The deemed date of maturity of debentures is April 28, 2023, the company added.

Representative Image
Representative Image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mahindra & Mahindra Financial Services on Wednesday said it will raise up to Rs 475 crore through issue of debentures. In a meeting held on Wednesday, the company approved the allotment of 4,750 secured redeemable non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each aggregating to Rs 475 crore, Mahindra & Mahindra Financial Services said in a BSE filing.

The tenure of the instrument is two years and 364 days from the deemed date of allotment, it said. The deemed date of maturity of debentures is April 28, 2023, it added.

Shares of Mahindra & Mahindra Financial Services were trading at Rs 158.60 a piece on the BSE, up 2.89 percent.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Get best insights into Options Trading. Join the webinar by Mr. Vishal B Malkan on May 28 only on Moneycontrol. Register Now!

Close
First Published on Apr 29, 2020 02:25 pm
Sections
Follow us on