Mahindra Finance announced the allotment of Non-convertible Debentures worth Rs 285 crore
through a private placement on Thursday in an exchange filing. The Committee of Directors approved 28,500 senior, secured, rated, listed, redeemable NCDs with a fixed coupon of 8.30% of face value Rs 1,00,000 each.
The NCDs will be listed on the BSE Limited’s Wholesale Debt Market Segment. The NCDs will have a three-year maturity date of March 23, 2026. The first coupon will be paid on March 23, 2024, the second on March 23, 2025, and the final on March 23, 2026.
Shares of Mahindra Finance
At 2:19 p.m. IST on Thursday, Mahindra Finance Services Limited’s shares were trading at Rs 231.20, up 0.33 percent.
