Mahindra Mahindra Financial Services allots NCDs aggregating Rs 582 cr

26 Nov 2022 , 01:34 AM

Mahindra Mahindra Financial Services has allotted Secured Rated Listed Redeemable Non-Convertible Debentures NCDs through private placement on 21 November 2022 as under i 4070 NCDs at a fixed coupon of 810Percentage pa Series AI2022 of the face value of Rs 1000000 each aggregating to Rs 407 crore; and ii 1750 Zero Coupon NCDs Series AJ2022 of the face value of Rs 1000000 each issued at discount of Rs 174938 per debenture aggregating to issue size of Rs 175 crore and pay-in amount of Rs 14439 crore