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20-Mar2019

Mahindra Finance surges raising Rs 500 crore via NCDs

Mahindra & Mahindra Financial Services is currently trading at Rs. 422.75, up by 5.80 points or 1.39% from its previous closing of Rs. 416.95 on the BSE.

The scrip opened at Rs. 420.25 and has touched a high and low of Rs. 424.50 and Rs. 417.85 respectively. So far 36228 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 537.50 on 02-May-2018 and a 52 week low of Rs. 351.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 415.00 respectively. The current market cap of the company is Rs. 26140.72 crore.

The promoters holding in the company stood at 51.19%, while Institutions and Non-Institutions held 40.11% and 8.70% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 500 crore through allotment of 5,000 Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each. The duly authorised Committee of the Company at its meeting held on March 20, 2019 has approved the same.

Mahindra Finance one of India's leading non-banking finance companies.


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