Through public issue of NCDs
Mahindra & Mahindra Financial Services announced that the Debentures Public Issue Committee (the "Committee") in its Meeting held on 06 June 2016 has approved the allotment of unlisted, subordinated, redeemable, non-convertible debentures ("NCDs") as follows-The Company has raised Rs.1000 crore through public issue of NCDs.
The Committee vide its resolution passed on 06 June 2016 has, inter-alia, approved the allotment of 1,00,00,000 NCDs having the face value of Rs. 1,000 each in terms of the Shelf Prospectus and Tranche 1 Prospectus dated 17 May 2016.
The said NCDs shall be listed on BSE.
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