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Mahindra & Mahindra Financial Service Ltd is one of the leading non-banking finance companies (“NBFCs”) with customers primarily in the rural and semi-urban markets of India

The company is primarily engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles.

The company primarily focusses on providing financing for purchases of auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment and pre-owed vehicles and others which accounted for 28%, 19%, 22%, 11% and 20% of estimated total value of the assets financed, respectively, for the year ended March 31, 2017.

Mahindra & Mahindra Financial Services Limited NCD - Issue Details:

Issuer Mahindra & Mahindra Financial Services Limited (View Report)
Issue Type Secured and Unsecured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Friday, January 04, 2019
Issue Closes: Friday, January 25, 2019
Coupon Rate 9.50% p.a *
Issue Size Public Issue of secured, redeemable non-convertible debentures of face value of Rs. 1,000 each, for an amount of Rs. 500 Crore ("Base Issue Size") with an option to retain oversubscription up to Rs. 3,000 Cr aggregating to Rs. 3,500 Crores ("Overall Issue Size")
Face Value Rs.1,000 per NCD
Minimum Application Size Rs. 10,000 (10 NCDs) across all Series collectively
Credit Rating CARE AAA(Triple A) Stable by CARE,
IND AAA : Stable by India Ratings & Research Private Limited
Mode of Allotment and Trading Compulsorily in dematerialised form
QIB 20% of issue size
Corporate 20% of issue size
HNI 30% of issue size
Retail Individual 30% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Pvt Limited (formerly known as Karvy Computershare Pvt Limited)
Book Running Lead Managers SBI Capital, ICICI Securities, Axis Bank, A K Capital, Edelweiss Financial, Trust Investment & Yes Securities
* Highest yield


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