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Corporate News
27-Oct-23
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Board of Mahindra & Mahindra Financial Services raises fund raising limits of up to Rs 65000 cr
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At meeting held on 27 October 2023
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The Board of Mahindra & Mahindra Financial Services at its meeting held on 27 October 2023 has approved increase in the limits for raising of funds by way of issue of Non Convertible Debentures and Subordinated debt, from time to time, in one or more tranches, as per the limits mentioned hereunder:
Secured Non-Convertible Debentures - Rs 55,000 crore
Unsecured Non-Convertible Debentures - Rs 5,000 crore
Subordinated debt - Rs 5,000 crore
Total - Rs 65,000 crore
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