Mahindra & Mahindra Financial Services Ltd has allotted 93,500 secured, redeemable non-convertible debentures (NCDs) aggregating ₹935,01,60,000 on a private placement basis. The Debenture Allotment Committee approved the allotment on June 18, 2026, at 2:45 P.M. IST, following successful bidding on the BSE Bond-EBP Platform. The issuance comprises a base issue size of ₹500 crore and a greenshoe subscription of ₹435 crore. The debentures, designated as Series AD2026, carry a fixed coupon rate of 7.90% per annum and are rated instruments to be listed on the Wholesale Debt Market Segment of BSE Limited.

The NCDs have a tenure of three years, or 1,096 days, from the deemed date of allotment of June 18, 2026, with a maturity date of June 18, 2029. The face value of each debenture is ₹1,00,000, and they were issued at multiple pricing based on investor bids. The Debenture Issuance Committee had initially authorized the proposal on June 15, 2026.

Security and Payment Structure

The NCDs are secured by way of an exclusive charge in favor of the Debenture Trustee on present and future receivables under loan contracts, hire purchase, and lease agreements. Additionally, the charge covers owned assets and book debts to the extent of 100% of the outstanding debentures. The company will create the appropriate security within the time frame prescribed by applicable law, ensuring the assets are free from any encumbrances.

In the event of a delay in payment of interest or principal for more than three months from the due date, the company will pay additional interest at 2% per annum over the coupon rate for the defaulting period. The debentures do not carry any special rights, interests, or privileges beyond the standard terms.

Coupon and Redemption Schedule

The interest payments will be made annually on June 18 each year until maturity. The principal amount will be repaid in full on the maturity date. The schedule for cash flows per debenture is outlined below:

m&m financial services Ltd. was the subject of a notable block trade executed on the National Stock Exchange (NSE), with the transaction totalling ₹15.28 crores. Such block deals are closely tracked by market participants as they often reflect significant movement by institutional investors or large stakeholders in a company's equity.

Block Trade Details

The following table summarises the key parameters of the block trade recorded for Mahindra & Mahindra Financial Services on the NSE:

Transaction Overview

The block trade was executed at a price of ₹297.30 per share, covering approximately 5,13,945 shares of Mahindra & Mahindra Financial Services Ltd. on the NSE. The aggregate value of the transaction stood at ₹15.28 crores. Block trades are typically negotiated off the open market and executed in a single transaction, making them a key indicator of large-scale buying or selling activity in a stock.