Mahindra & Mahindra Financial Services plans to raise up to ₹2,000 crore by issuing non-convertible debentures. The company received approval from its Debenture Issuance Committee on November 11, 2026, to proceed with this private placement. This capital raise includes a base issue size of ₹750 crore and an additional green shoe option of ₹1,250 crore.
The company will issue up to 2,00,000 secured, rated, listed, redeemable non-convertible debentures. Each debenture carries a face value of ₹1,00,000. These instruments come with a tenure of 2 years and 314 days from the deemed date of allotment. The company set the coupon rate for these debentures at 8.45% per annum.
The board of directors authorized the Debenture Issuance Committee to manage the offer and issuance process. The company scheduled the deemed date of allotment for November 16, 2026. This move follows the company’s internal approval processes for raising funds through debt instruments on a private placement basis.
Based on company and agency reports. For information only; not investment advice.