[ad_1]
New Delhi: Mahindra & Mahindra Monetary Providers on Tuesday mentioned it has raised Rs 300 crore by issuing bonds on a non-public placement foundation.
A gathering of the committee of the board on Tuesday authorized the allotment of three,000 secured redeemable non-convertible debentures (NCDs) of a face worth of Rs 10 lakh every, aggregating to Rs 300 crore by means of non-public placement, Mahindra Finance mentioned in a regulatory submitting.
The bonds are set to mature on February 22, 2024, it mentioned.
The debt devices bear an rate of interest, or coupon, of 5.98 per cent every year.
Shares of Mahindra Finance on Tuesday traded at Rs 151.50 apiece on the BSE, down by 1.27 per cent from the earlier shut.
[ad_2]
Source link
ADVERTISEMENT
