Mahindra & Mahindra Financial Services Limited has informed the Exchange regarding allotment of 10000 Non Convertible Debentures pursuant to Non Convertible Securities at its meeting held on July 15, 2025
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Mahindra & Mahindra Financial Services has allotted 10,000 listed, secured, rated, redeemable Non-Convertible Debentures (Series AB2025) of face value Rs. 1,00,000 each, aggregating to Rs. 100.01 crore. The NCDs were issued on a private placement basis via the BSE Bond-EBP Platform to identified investors at multiple pricing (par and premium based on investor bids). They carry a fixed coupon of 7.05% per annum and will be listed on the Wholesale Debt Market Segment of BSE. This is a routine debt-raising exercise following the company's July 10, 2025 intimation regarding the offer.
The Rs. 100 crore NCD raise at 7.05% modestly adds to the company's existing debt but is small relative to its overall borrowings. No material impact expected on equity shareholders or the stock price; this is standard liability-side fundraising.