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Mahindra Finance raises funds via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds through Non-Convertible Debentures (NCDs). The board of directors at their meeting on November 19 has approved the allotment of Secured Redeemable NCDs of face value of Rs 10,00,000 each, at a discount aggregating to Rs 240 crore.

The company’s board has also approved the allotment of Secured Redeemable NCDs of the face value of Rs 10,00,000 each at par, aggregating to Rs 120 crore.

Mahindra Finance one of India’s leading non-banking finance companies.

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