Page 3 - Mahindra Finance

Mahindra Finance to raise around Rs 3,500 cr via non-convertible debentures

Mahindra & Mahindra Financial Services is planning to raise up to Rs 3,500 crore through a non-convertible debenture issue of various maturities. The base issue size is Rs 500 crore with an option to retain oversubscription up to Rs 3,000 crore, the non-banking finance company said here Thursday. The funds raised through this first tranche will be used for the purpose of onward lending, financing, refinancing the existing debts, long-term working capital and for general corporate purposes. The NCDs bear a fixed interest rate, and are being offered under four different series. Series I (39 months), Series II (60 months) and Series III (96 months) are offered as secured NCDs, while Series IV (120 months) is unsecured subordinated debt. Investors will get 9 to 9.50 percent per annum, respectively, payable annually. The amount reserved for secured and unsecured bonds, opening on January 4 and closing on 25, is Rs 2,500 crore and Rs 1,000 crore, respectively. The lead ..

Mahindra Finance Q2 PAT up 132% to Rs 3.81 bn, AUM sees 26% y-o-y growth

Gross NPAs have come down from 13.1% in Q2 FY2018 to 9% at the end of Q2 FY2019

Mahindra Finance approves raising funds up to Rs 2,250 crore

The company said its board has constituted a securities issue committee to decide on the proposed issuance

Mahindra Finance raises Rs 350 crore via debt securities

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

Mahindra Finance to raise Rs 2,000 cr via NCDs to fund future lending

Mahindra will float NCDs to raise the money, which will be open to subscription from July 10-28

Mahindra Finance seeks shareholders nod to raise Rs 29,000 cr via NCDs

NCDs constitute a significant source of borrowings for the company

Mahindra Finance Apr-Jun net at Rs 107 crore

Company's consolidated total income has increased to Rs 1,578.55 crore for the quarter ended June 2016

Ramesh Iyer re-designated as vice-chairman at Mahindra Finance

Dhananjay Mungale to take over new chairman, the company has said