Mahindra & Mahindra Financial Services Limited NCD

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ABOUT THE ISSUER

Mahindra & Mahindra Financial Services Limited (MMFSL) is one of India’s leading Rural NBFC headquartered in Mumbai, India. It is amongst the top tractor financer in India and offers a wide range of financial products to address varied customer requirements. The NBFC has 1000+ offices spread across 1 in every 3 villages across India with a total of more than 3 Million customers till date.

ISSUE DETAILS

Issue Size: Rs.2,000 Crs

Base Issue size Rs.250 Crores with an option to retain oversubscription up to Rs.1,750 Crores aggregating upto Rs.2000 Crores
Rating: “AAA” (Outlook:Stable)

Rated by IRRPL and Brickworks
Minimum Application Size: Rs.10,000

or 10 NCDs with Face Value of Rs.1000 each