Mahindra & Mahindra Financial Services Ltd approves raising of funds through NCDs

The Board of Directors of Mahindra & Mahindra Financial Services Ltd at its meeting held on October 21, 2015, has subject to the receipt of necessary approvals, considered and approved the proposal of raising of funds by way of a public issue of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs. 1,000 Crores, in one or more tranches, pursuant to the provisions of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 and other applicable laws.

Shares of MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.240.85 as compared to the previous close of Rs. 242.2. The total number of shares traded during the day was 403096 in over 5810 trades.

The stock hit an intraday high of Rs. 248 and intraday low of 235.45. The net turnover during the day was Rs. 96854609.

Source : Equity Bulls

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