Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 584 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 58.40 crore and 92 Secured Redeemable Principal Protected -Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 9.20 crore and 449 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a par, aggregating to Rs 44.90 crore.
The duly authorised Committee at their meeting held on December 05, 2018 approved the same.
Mahindra Finance one of India’s leading non-banking finance companies.