CHENNAI: Mahindra Finance has announced in a stock market filing on Friday that it is raising Rs 600 crore worth of secured redeemable non-convertible debentures (NCDs).
The approval is for allotment of 6,000 NCDs of the face value of Rs 10,00,000 each, at a par, aggregating to Rs 600 crore.
According to company sources, this money is to be used for working capital purposes.