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Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 250 cr

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On private placement basis

Mahindra & Mahindra Financial Services has allotted 25,000 Unsecured, Subordinated (Tier II), Redeemable Non-convertible Debentures with the face value of Rs. 1,00,000 per debenture issued at a discount (multiple pricing) plus accrued interest with effective yield (XIRR) at 8.27% aggregating to subscription amount of Rs. 255,34,86,175/-for a residual tenor of 9 years & 255 days from the date of allotment on private placement basis to the identified investors.

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First Published: Jan 24 2025 | 3:02 PM IST

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