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26-Apr2018

Mahindra Finance soars on getting nod to raise funds up to Rs 40,000 crore

Mahindra & Mahindra Financial Services is currently trading at Rs. 514.25, up by 7.00 points or 1.38% from its previous closing of Rs. 507.25 on the BSE.

The scrip opened at Rs. 532.00 and has touched a high and low of Rs. 532.00 and Rs. 509.40 respectively. So far 231250 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 525.40 on 24-Apr-2018 and a 52 week low of Rs. 290.30 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 532.00 and Rs. 503.15 respectively. The current market cap of the company is Rs. 31753.12 crore.

The promoters holding in the company stood at 51.19%, while Institutions and Non-Institutions held 40.98% and 7.83% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for issue of Secured and/ or Unsecured Redeemable Non-Convertible Debentures including Subordinated Debentures on a private placement basis, for an aggregate amount not exceeding Rs 40,000 crore, within the overall borrowing limits of the company. The Board of Directors of the company at its meeting held on April 25, 2018, approved the same.

Mahindra & Mahindra Financial Services one of India's leading non-banking finance companies.


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