Mahindra & Mahindra Financial Services Limited Allots Rs 875 Crore in Debentures via Private Placement
Mahindra & Mahindra Financial Services Limited announced the successful approval of the allotment of debentures, totaling Rs 875,00,00,000/- (Rupees Eight Hundred Seventy Five Crore Only). The funds were raised through a private placement basis.The company confirmed that its Debenture Allotment Committee approved the allotment of 87,500 Secured, Rated, Listed Redeemable Non-convertible Debentures. These debentures, with a face value of Rs. 1,00,000 per debenture, were issued at par.
The total subscription amount of Rs 875 Crores represents the combination of the base issue size and the green shoe subscription.
Financial details of the debenture allotment are as follows:
| Detail | Amount (INR) |
|---|---|
| Total Subscription Amount | Rs. 875,00,00,000/- |
| Base Issue Size | Rs. 750 Crores |
| Green Shoe Subscription | Rs. 125 Crores |
| Debenture Quantity | 87,500 |
The Non-convertible Debentures are structured with a fixed coupon rate of 7.90% p.a. Mahindra & Mahindra Financial Services Limited stated that the debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The allotment was approved on May 12, 2026, at 12:45 P.M. (IST).
M&MFIN Stock Price Movement
As of 2:35 PM, shares of Mahindra & Mahindra Financial Services Limited are slipping by 2.09% in live trading, currently positioned at ₹330. The equity has seen 1.01 million shares traded in the session, keeping it well above the day's low mark of ₹327.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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