Mahindra & Mahindra Financial Services raises Rs 1150.53 crore

Through public issue of NCDs

Mahindra & Mahindra Financial Services announced that the Bond Issue Committee (the 'Committee') at its Meeting held on 24 July, 2017, has approved the allotment of Unsecured Subordinated Redeemable Non-Convertible Debentures ('NCDs') as follows -

1. The Company has raised Rs. 1150.53 crore through Public Issue of NCDs.

2. The Committee vide its resolution passed on 24 July, 2017 has, inter-alia, approved allotment of 1,15,05,313 NCDs having the Face Value of Rs. 1,000 each in terms of the Shelf Prospectus and Tranche 1 Prospectus dated 29 June, 2017.

The said NCDs shall be listed on BSE.

 

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