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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)