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M&M Financial Services gets nod to raise Rs 10,000 crore

Updated : December 31, 2018 06:21 AM IST

The company informed stock exchanges that it will issue "secured redeemable non-convertible debentures and/or unsecured subordinated redeemable non-convertible debentures of face value of Rs 1,000 each for an amount up to Rupees 10 thousand crores".
The NCDs will be issued in one or more tranches up to the shelf limit of Rs 10,000 crore, it added.
M&M Financial Services gets nod to raise Rs 10,000 crore

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