Mahindra Finance raises over Rs 255 crore by issuing bonds

30 Mar 2022 CW Team

On Monday, Mahindra & Mahindra Financial Services Limited (MMFSL) told the media that it has raised more than Rs 255 crore by issuing bonds on a private placement basis.

A meeting of the committee of the board on March 28, 2022, sanctioned the allotment of 2,500 secured redeemable non-convertible debentures (NCDs) of the face value of Rs 10 lakh each aggregating to Rs 255.45 crore, via private placement, Mahindra Finance said in a regulatory filing.

The duration of the bonds is nine years and 234 days, and the date of maturity is November 17, 2031. The bonds carry a coupon of 7.45% per annum, and the Extended Internal Rate of Return (XIRR) is 7.51%.

XIRR is a single rate of return that is applied to each installment (and any redemptions). It provides the current value of the total investment.

Image Source

Also read: Mahindra & Mahindra records 5% wholesale order decline in Oct

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..