Mahindra Finance jumps on raising Rs 1250.46 crore through NCDs
Mahindra & Mahindra Financial Services is currently trading at Rs. 337.90, up by 5.60 points or 1.69% from its previous closing of Rs. 332.30 on the BSE.
The scrip opened at Rs. 334.00 and has touched a high and low of Rs. 339.70 and Rs. 328.10 respectively. So far 193412 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 339.70 on 26-Sep-2024 and a 52 week low of Rs. 243.90 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 339.70 and Rs. 315.00 respectively. The current market cap of the company is Rs. 41050.48 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 40.73% and 7.09% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 1250.46 crore through the allotment of 1,25,000 Secured, Rated, Listed, Redeemable Non-convertible Debentures (NCDs) with the face value of Rs 1,00,000, per debenture issued at multiple pricing (i.e. at par and premium based on the investor pricing bids) on private placement basis to the identified investors. The said NCDs have been issued at a Fixed Coupon of 8.01% p.a. and are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Committee of Directors have on September 26, 2024 approved the allotment of the same.
Mahindra Finance is one of India’s leading non-banking finance companies.
