Mahindra & Mahindra Financial Services Limited (M&MFIN) has successfully completed the allotment of Secured, Rated, Listed, Redeemable Non-convertible Debentures (NCDs) worth ₹1,250.46 crores on a private placement basis.
The Committee of Directors approved the allotment of 1,25,000 NCDs, each with a face value of ₹1,00,000, following successful bidding on the BSE Bond-EBP Platform. These NCDs were issued at a fixed coupon rate of 8.01% per annum. The issuance included multiple pricing options based on investor bids, with the debentures set to be listed on the Wholesale Debt Market Segment of BSE Limited.
The meeting of the Committee of Directors to approve the allotment started at 12:00 noon and concluded at 12:15 PM.
This regulatory filing is available on the company’s website under the investor relations section.
