Mahindra & Mahindra Financial Services moves up on raising Rs 225 crore trough NCDs
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Mahindra & Mahindra Financial Services is currently trading at Rs. 158.10, up by 2.20 points or 1.41% from its previous closing of Rs. 155.90 on the BSE.
The scrip opened at Rs. 157.90 and has touched a high and low of Rs. 158.70 and Rs. 156.65 respectively. So far 130180 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.15 on 15-Feb-2021 and a 52 week low of Rs. 100.62 on 01-Jul-2020.
Last one week high and low of the scrip stood at Rs. 162.60 and Rs. 154.30 respectively. The current market cap of the company is Rs. 19490.48 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 36.93% and 10.62% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has raised up to Rs 225 crore trough secured redeemable non-convertible debentures (NCDs) and allotted 2,250 NCDs having face value of Rs 10 lakh each. A meeting of the duly authorised committee was held on June 24, 2021 has approved the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
