Monday, February 03, 2020

Mahindra Finance jumps on getting nod to raise Rs 310 crore

Mahindra & Mahindra Financial Services is currently trading at Rs. 362.00, up by 9.85 points or 2.80% from its previous closing of Rs. 352.15 on the BSE.

The scrip opened at Rs. 351.00 and has touched a high and low of Rs. 362.90 and Rs. 347.10 respectively. So far 25864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 452.65 on 12-Mar-2019 and a 52 week low of Rs. 285.15 on 02-Aug-2019.


Last one week high and low of the scrip stood at Rs. 380.00 and Rs. 345.00 respectively. The current market cap of the company is Rs. 22230.27 crore.

The promoters holding in the company stood at 51.19%, while Institutions and Non-Institutions held 40.22% and 8.60% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 3,100 Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at par, aggregating to Rs 310 crore. The duly authorised Committee at meeting held on February 03, 2020, approved the same. The deemed date of allotment is February 03, 2020.Mahindra Finance one of India’s leading non-banking finance companies.

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