Mahindra Finance approves ₹2,000 crore non-convertible debenture issue at 7.95% coupon - CNBC TV18

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WHAT HAPPENED

Mahindra & Mahindra Financial Services Ltd has approved the issuance of up to ₹2,000 crore of secured, rated, listed, redeemable non-convertible debentures through private placement. The issue comprises a base size of ₹1,000 crore and a green shoe option of another ₹1,000 crore, with a fixed coupon of 7.95% per annum.

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