Mahindra & Mahindra Financial Services said it has raised ₹275 crore by issuing bonds on a private placement basis. The company, in its regulatory filing, said a meeting of the committee of directors, held on October 31, approved the allotment of 2,750 secured redeemable principal protected non-convertible market linked debentures. The face value of the bond is ₹10 lakh each.