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Mahindra Finance raises Rs 350 crore via debt securities

Shares of Mahindra Finance closed 2.77% up at Rs 438.95 apiece on BSE

Press Trust of India  |  New Delhi 

Mahindra Finance
Mahindra Finance

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 closed 2.77 per cent up at Rs 438.95 apiece on BSE.

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First Published: Tue, September 05 2017. 16:30 IST