trending Market Intelligence /marketintelligence/en/news-insights/trending/gto60llLCP0lwMI_UZp_rw2 content esgSubNav
In This List

Mahindra & Mahindra Financial to raise 35B rupees in debt issue

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Mahindra & Mahindra Financial to raise 35B rupees in debt issue

Mahindra & Mahindra Financial Services Ltd. plans to raise up to 35 billion Indian rupees through the issuance of nonconvertible debentures.

The company said Dec. 28 that it will issue up to 25 billion rupees worth of secured debentures and up to 10 billion rupees of unsecured debentures.

The unsecured nonconvertible debentures will be eligible for Tier II capital, the company noted.

As of Dec, 28, US$1 was equivalent to 69.96 Indian rupees.