Mahindra Finance gains on raising Rs 116.5 crore
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Mahindra & Mahindra Financial Services is currently trading at Rs. 231.85, up by 1.85 points or 0.80% from its previous closing of Rs. 230.00 on the BSE.
The scrip opened at Rs. 228.65 and has touched a high and low of Rs. 232.15 and Rs. 228.65 respectively. So far 19867 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 247.05 on 03-Jan-2023 and a 52 week low of Rs. 127.95 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 239.35 and Rs. 226.10 respectively. The current market cap of the company is Rs. 28478.96 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 39.05% and 8.80% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 116.5 crore through allotment of 11,650 Senior, Secured, Redeemable, Rated, Listed, Principal Protected Non-Convertible Market Linked Debentures (NCDs) of the face value of Rs 1,00,000 each, on private placement. The Board of Directors of the Company at its meeting held on January 17, 2023 has approved the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
