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Mahindra Finance raises Rs 875 crore through NCDs
May-12-2026

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 875 crore through allotment of Non-convertible Debentures (NCDs). The company has allotted 87,500 Secured, Rated, Listed Redeemable NCDs of the face value of Rs 1,00,000 each on private placement basis to the identified investors. The Debenture Allotment Committee of the company has approved the allotment on May 12, 2026.

The same includes Base issue size of Rs 750 crore and Green shoe subscription of Rs 125 crore aggregating to Rs 875 crore. The NCDs have been issued at a fixed coupon rate of 7.90% per annum and are proposed to be listed on the Wholesale Debt Market Segment of BSE.

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

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