Mahindra & Mahindra Financial Services Limited — QIP/Rights/Pref., 29-01-2025: Issue of Securities

Mahindra & Mahindra Financial Services Ltd. has announced a board meeting to approve the issuance of secured, rated, listed, redeemable non-convertible debentures through private placement. The initial issue size is ₹150 Crore, with a green shoe option of up to ₹600 Crore, totaling up to 75,000 debentures at a face value of ₹1,00,000 each. The debentures will attract a fixed coupon rate of 7.8863% per annum, payable on specified dates, with a maturity date set for April 28, 2028. The funds raised are intended to bolster the company’s financing capabilities.