Mahindra Finance to allot NCDs worth Rs 16.70 crore

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 167 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 16.70 crore. The duly authorised committee at its meeting held on December 27, 2018, approved the same.

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