Funding and debt▼ Bearish for Mahindra & Mahindra Financial Services

Mahindra Finance approves ₹2,000 crore non-convertible debenture issue at 7.95% coupon

1 source · first seen 22:19 24 Sept · updated 22:19 24 Sept

The brief

Written from 1 report · check the source before you trade

Mahindra Finance approved a ₹2,000 crore non-convertible debenture issue at a 7.95% coupon
Shares ended at ₹339, down ₹9.65 or 2.77% on the BSE
The borrowing cost and share decline matter to Mahindra Finance investors

the session the news first traded, and since

Stock	Traded	That day	vs Nifty	Volume	Since
M&MFIN	Fri, 25 Sept	−2.0%	−2.3%	0.9×	−2.0% · Nifty +0.3%

✓ Classifier read this as negative; M&MFIN fell 2.3% against the Nifty on the day it traded.

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1 report · earliest 22:19