Mahindra & Mahindra Financial Services Limited NCD
Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape. Since then, we have come a long way, empowering millions of ambitious individuals with personalised finance for a wide range of vehicles, home development requirements and many other diverse endeavours – all to help them live their dreams and Rise in life.
At Mahindra Finance, They are guided by a firm belief in people, their dreams, and their potential to achieve those dreams. Hence, There socially inclusive business model facilitates loans to customers based not on their current financial status, but their future earning capacity. This philosophy has instilled a sense of confidence in the minds of rural and semi-urban India – confidence that allows them to believe that no dream is too big. Today, as one of the leading non-banking finance companies, we are proud to have touched over 4 million lives.
During the course of there journey, apart from emerging as the top tractor financer in India, they have constantly strived towards developing skill sets of the local population. Which is why they provide employment to over 20,000 people in over 1200 branches across India. This not only ensures equal growth opportunity for all, but also enables us to serve our customers better through local understanding and expertise.
The secured NCDs will be allotted for a value of up to Rs2,500 crore and the unsecured NCDs will be allotted for a value of up to Rs1,000 crore within the overall limit of Rs3,500 crore.
Objective of NCD Mahindra & Mahindra Financial Services Limited NCD:
Mahindra & Mahindra Financial Services Limited NCD Details:
|Open Date:||Jan 04 2019|
|Close Date:||Jan 20 2019|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 3500 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Year||NIM||RONW||Capital Adequacy||Book Value||Gross NPA|
|Tenor||39 M||60 M||96 M||120 M|
|Minimum Application||10,000(10 NCD)|
|In Multiples of||1000( 1 NCD)|
|Coupon (% per annum) for Category 1, and II||9%||9.10%||9.20%||9.35%|
|Coupon (% per annum) for Category III, and IV||9%||9.15%||9.30%||9.50%|
Post Tax returns:
Lead Manager of Mahindra & Mahindra Financial Services Limited NCD:
- Edelweiss Capital Limited
- ICICI Securities Limited
Registrar of Mahindra & Mahindra Financial Services Limited NCD:
- Karvy Computershare Private Limited