-- Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has raised 5 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.
The company allotted 50,000 listed, secured, rated, redeemable non-convertible debentures of the face value of 100,000 rupees per debenture.
The said debentures have been issued at a fixed coupon of 7.71% per annum and are proposed to be listed on the wholesale debt market segment of the BSE.
The company's shares were down nearly 2% in recent trade.