NCD Issue Mahindra & Mahindra Financial Services Ltd (MMFSL) launched Public Issue of unsecured subordinated redeemable non-convertible Debentures of 250 crores with an option to retain over subscription upto 1,750 crores aggregating to Rs. 2000 Crores, Issue open from 10 July 2017 and issue close on 28 July2017.
Before investment in this NCD check what type of risk involved in Unsecured Subordinated debenture.
Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy and rank below: the liquidator, govt. tax authorities and senior debt holder in the hierarchy of creditor. Debt instruments with the lowest seniority are known as subordinated debt instruments. (Meaning of Subordinated Debt) Refer Draft Prospect
- Advertisement -
NCD Issue Mahindra & Mahindra Financial Services Ltd Highlights
NCD Issue Mahindra & Mahindra Financial Services Specific Term of Issue – [ws_table id=”896″]
Cheque Details :
Cheque / DD should be drawn in favour of “MMFSL NCD II Public Issue – Escrow Account “
Mahindra & Mahindra Financial Services is one of leading non-banking finance companies (NBFC) with customer primarily rural and semi urban market. Company is part of Mahindra Group, which is one of the largest business conglomerates in India. MMFSL is engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles. MMFSL also provide housing finance, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services. In addition company also provide wholesale inventory financing to dealers and retail finance to customers in the United States for purchase of Mahindra Group product through Mahindra Finance USA LLC, the joint venture with a subsidiary of the Rabobank group.
For Investment & any query , Kindly Write to us at
Call Rajendra 7719917444