Announced Mon, 15 Jun · 16:39 IST
M&M Financial Services to raise up to ₹1,000 Cr via NCD private placement
Fund Raising View source PDF
M&MFIN · price
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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹296.75
prior close
₹299.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.7+0.7+0.3+0.1-0.4-0.7-1.2-1.2+11.2+12.4+8.8——
Up moveDown movePending
AI summary
M&M Financial Services' Debenture Issuance Committee approved issuance of Secured, Rated, Listed, Redeemable NCDs via private placement (Series AD2026). Size: up to Rs. 1,000 Cr (base Rs. 500 Cr + green shoe Rs. 500 Cr). Face value Rs. 1,00,000. Tenure 3 years, maturing 18 June 2029. Fixed coupon 7.90% p.a. payable annually. Allotment 18 June 2026. To be listed on BSE wholesale debt market. Secured by exclusive charge on loan receivables and book debts at 100% of outstanding.
Likely market impact
Raises up to ₹1,000 Cr in low-cost debt (7.90%); non-dilutive to equity as NCDs are non-convertible. Supports lending growth.