Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 500 cr

On private placement basis

Mahindra & Mahindra Financial Services has allotted 5,000 Unsecured, Rated, Listed, Subordinated (Tier II), Redeemable Non-convertible Debentures (NCDs) of the face value of Rs. 1,00,000 per debenture, issued at par, at a coupon of 8.30% p.a., for a tenor of 10 years from the date of allotment, on private placement basis to the identified investors.

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