Mahindra Finance gains on raising Rs 2000 crore via NCDs
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Mahindra & Mahindra Financial Services is currently trading at Rs. 184.85, up by 1.50 points or 0.82% from its previous closing of Rs. 183.35 on the BSE.
The scrip opened at Rs. 184.25 and has touched a high and low of Rs. 185.25 and Rs. 179.10 respectively. So far 905992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 235.00 on 15-Sep-2022 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. 228.65 and Rs. 176.80 respectively. The current market cap of the company is Rs. 22764.87 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 35.50% and 12.34% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 2000 crore through the allotment of 20,000 Secured Redeemable Non-Convertible Debentures (NCDs) at a Fixed Coupon of 8.00% p.a. (Series AG2022) of the face value of Rs 10 lakh each, through private placement. A meeting of the Committee of Directors, as authorized by the Board of Directors of the Company, was held on September 27, 2022 has approved the allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
