Loan & Debt12 May 2026, 12:57 pm
M&M Financial Allots ₹875 Cr NCDs
AI Summary
Mahindra & Mahindra Financial Services Ltd has allotted 87,500 secured, rated, listed redeemable non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹875 Crore on a private placement basis. The NCDs, with a fixed coupon of 7.90% p.a., are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment includes a base issue size of ₹750 Crores and a green shoe subscription of ₹125 Crores.
Key Highlights
- M&M Financial allots ₹875 Cr NCDs via private placement.
- NCDs have a face value of ₹1,00,000 each and a 7.90% fixed coupon.
- The issue includes a base size of ₹750 Cr and a ₹125 Cr green shoe option.
- NCDs are proposed to be listed on BSE's Wholesale Debt Market Segment.
Price Impact
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