Mahindra Finance surges on getting nod to raise up to Rs 2,000 crore through NCDs
Mahindra & Mahindra Financial Services is currently trading at Rs. 289.50, up by 7.50 points or 2.66% from its previous closing of Rs. 282.00 on the BSE.
The scrip opened at Rs. 283.80 and has touched a high and low of Rs. 290.10 and Rs. 283.00 respectively. So far 117780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 415.00 on 10-Aug-2026 and a 52 week low of Rs. 253.30 on 28-Oct-2026.
Last one week high and low of the scrip stood at Rs. 291.95 and Rs. 276.00 respectively. The current market cap of the company is Rs. 40148.72 crore.
The promoters holding in the company stood at 52.48%, while Institutions and Non-Institutions held 41.52% and 6.01% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has secured approval to raise up to Rs 2,000 crore through allotment of Non-convertible Debentures (NCDs) on private placement basis. The Debenture Issuance Committee, as authorized by the Board of Directors of the company, has at its meeting held on November 11, 2026 approved the offer and issuance of up to 2,00,000 secured, rated, listed, redeemable NCDs, having face value of Rs 1,00,000 each.
The issuance comprises a base issue size of Rs 750 crore with green shoe of additional Rs 1,250 crore. The NCDs have a tenure of 2 years & 314 days from the deemed date of allotment and carry a coupon rate of 8.45% per annum. The deemed date of allotment is November 16, 2026.
