Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 24 April 2019.

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The Board of Mahindra & Mahindra Financial Services at its meeting held on 27 March 2019 has pursuant to the Offer made by National Housing Bank (NHB) vide their Letter dated 11 March, 2019, approved the acquisition of 1,18,91,511 Equity Shares of Rs. 10 each of Mahindra Rural Housing Finance (MRHFL), a subsidiary of the Company, at a premium of Rs. 231.16, aggregating to Rs. 286.78 crore from NHB.

Consequently, the shareholding of the Company in MRHFL will increase from 88.75% to 98.43% as and when the shares are acquired.

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Mahindra & Mahindra Financial Services is raising Rs 7.40 crore through allotment of 74 Secured Redeemable Principal Protected - Market Linked Non-Convertible Debentures('NCDs') of the face value of Rs. 10,00,000 each. The deemed date of such allotment is 26 March 2019.

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Mahindra & Mahindra Financial Services is raising Rs 500 crore through allotment of 5,000 Secured Redeemable Non-Convertible Debentures of face value of Rs 10 lakh each. The deemed date of allotment is 20 March 2019.

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