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M&M Financial Services to raise up to Rs 1,000 crore through NCDs
Jun-16-2026

Mahindra & Mahindra Financial Services has secured approval to raise up to Rs 1,000 crore through allotment of Non-convertible Debentures (NCDs) on private placement basis. The Debenture Issuance Committee, as authorized by the Board of Directors of the company, has at its meeting held on June 15, 2026 approved the offer and issuance of up to 1,00,000 secured, rated, listed, redeemable NCDs, having face value of Rs 1,00,000 each. 

The issuance comprises a base issue size of Rs 500 crore with a green shoe option to retain an additional Rs 500 crore. The NCDs have a tenure of 3 years (1096 days) from the deemed date of allotment and carry a coupon rate of 7.90% per annum. The deemed date of allotment is June 18, 2026.

Mahindra & Mahindra Financial Services (M&M Financial Services) is one of India’s leading non-banking finance companies.

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