Mahindra & Mahindra Financial Services Allots Non-convertible Debentures Worth Rs. 500 Crore
Mahindra & Mahindra Financial Services Limited announced the successful allotment of Non-convertible Debentures (NCDs) on a private placement basis, securing a total subscription amount of Rs. 500,00,00,000/-.The allotment was approved by the Company’s Debenture Allotment Committee on April 28, 2026, following a successful bidding process done on the BSE Bond-EBP Platform.
The company has issued the NCDs with a fixed coupon rate of 7.71% per annum. These debentures are secured and rated, and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The transaction details confirm the issuance of 50,000 Listed, Secured, Rated, Redeemable Non-convertible Debentures.
Key financial details of the NCD allotment are presented below:
| Detail | Specification |
|---|---|
| Total Allotment Amount | Rs. 500,00,00,000/- |
| Number of Debentures | 50,000 |
| Face Value Per Debenture | Rs. 1,00,000 |
| Issue Basis | Private Placement |
| Fixed Coupon Rate | 7.71% p.a. |
The committee meeting to approve the allotment concluded on the same day, marking the completion of the debt financing issuance.
M&MFIN Stock Price Movement
As of 1:11 PM, shares of Mahindra & Mahindra Financial Services Limited are slipping by 0.98% in live trading, currently trading at ₹314.6. The stock has seen significant liquidity, underpinned by a total traded volume of 2.20 million shares during the active session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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