Mahindra & Mahindra Financial Services Limited — QIP/Rights/Pref., 21-01-2025: Issue of Securities

Mahindra & Mahindra Financial Services Ltd. has announced a board meeting regarding the issuance of Unsecured Redeemable Non-Convertible Subordinated Debentures through private placement, targeting up to ₹200 Crores, with a greenshoe option up to ₹500 Crores. The issuance will consist of up to 70,000 debentures, each with a face value of ₹1,00,000, and will carry a fixed coupon rate of 8.24% per annum. The allotment is scheduled for January 24, 2025, with a maturity date set for October 6, 2034. These instruments will be listed on the Wholesale Debt Market Segment of BSE Limited.