Mahindra & Mahindra Financial Services to allot NCDs aggregating Rs 120 cr

Mahindra & Mahindra Financial Services announced that a Meeting of the duly authorised Committee was held on 19 November, 2018 from 11.00 a.m. to 11.30 a.m. approving the allotment of (a) 2,400 Secured Redeemable Non-Convertible Debentures ('NCDs') of the face value of Rs. 10,00,000 each, at a discount, aggregating to Rs. 240 crore and (b) 1,200 Secured Redeemable NCDs of the face value of Rs. 10,00,000 each at par, aggregating to Rs. 120 crore.

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