Stock market today, Feb. 27 -- Shares of non-banking finance company (NBFC) Mahindra & Mahindra Financial Services (M&M Financial) witnessed a 4% increase on Thursday, February 27, after it informed that the Committee of Directors has approved the allotment of 50,000 non-convertible debentures (NCDs) to identified investors.

"We hereby inform you that, based on the successful bidding done at the BSE Bond-EBP Platform, the Committee of Directors has today approved the allotment of 50,000 Unsecured, Rated, Listed, Subordinated (Tier II), Redeemable Non-convertible Debentures (NCDs) of the face value of Rs.1,00,000 per debenture, issued at par, with a coupon of 8.30% per annum for a tenor of 10 years from the date of allotment, on a private...