NCD Issue – Mahindra & Mahindra Financial Services -May 2016

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 1000 crores,  Issue open from 25 May 2016 and issue close on 10 June 2016. (Early Close 26 May 2016)

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 page 27 

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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]

Mahindra & Mahindra Financial Services Ltd NCD Issue Highlights

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Specific Term of Issue – Retail Category (III & IV) [ws_table id=”800″] [ws_table id=”801″]

  Cheque Details :

Cheque / DD should be drawn in favour of  “MMFSL NCD I Public Issue – Escrow Account   “ 

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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]

About Company

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.

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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]

Mahindra & Mahindra Financial Services data

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[wptabtitle] Listing[/wptabtitle]

Mahindra & Mahindra Financial Services  Ltd Allotment & Listing details

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For Investment & any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444

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