Mahindra & Mahindra Financial Services Limited — QIP/Rights/Pref., 21-02-2025: Issue of Securities

Mahindra & Mahindra Financial Services Ltd. is set to issue up to 50,000 non-convertible subordinated debentures through private placement, with a total size of ₹300 Crore and an option for an additional ₹200 Crore. Each debenture has a face value of ₹1,00,000 and offers a fixed coupon rate of 8.30% per annum, payable annually. The debentures will be listed on the Wholesale Debt Market Segment of BSE and have a tenure of 10 years, maturing on 27th February 2035. The proceeds will support the company's financial strategies and operational needs.