The company said its board has constituted a securities issue committee to decide on the proposed issuance
Shares of Mahindra Finance closed 2.77% up at Rs 438.95 apiece on BSE
Mahindra will float NCDs to raise the money, which will be open to subscription from July 10-28
NCDs constitute a significant source of borrowings for the company
Company's consolidated total income has increased to Rs 1,578.55 crore for the quarter ended June 2016
Dhananjay Mungale to take over new chairman, the company has said