OPEN APP
Home >Market >Stock-market-news >Mahindra Finance raises Rs350 crore via debt

New Delhi: Mahindra and Mahindra (M&M) Financial Services Ltd (Mahindra Finance) on Tuesday said it has raised Rs350 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 0 lakh each aggregating to 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% up at Rs438.95 apiece on BSE.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout