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    M&MFIN   INE774D01024

MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED

(M&MFIN)
  Report
Delayed NSE India Stock Exchange  -  06:23 2022-11-25 am EST
212.65 INR   +1.94%
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M&M Financial Services accepts bids for 10-year bonds - traders

09/26/2022 | 05:58am EST

MUMBAI (Reuters) - India's Mahindra and Mahindra Financial Services has accepted bids worth 20 billion rupees ($245.19 million)for bonds maturing in 10 years, three merchant bankers said on Monday.

The non-banking financial company will pay an annual coupon of 8.00% on this issue, and had invited commitment bids earlier in the day, they said.

The notes are rated AAA by CARE Ratings and will close for subscription later this week.

Earlier this month, the company raised 3 billion rupees through the reissuance of 8.20% July 2032 bonds at the yield of 8.15%.

($1 = 81.5700 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; editing by Uttaresh.V)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED 1.94% 212.65 Delayed Quote.42.77%
MAHINDRA AND MAHINDRA LTD 0.54% 1260.8 Delayed Quote.50.61%
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Analyst Recommendations on MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
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Financials
Sales 2023 63 713 M 779 M 779 M
Net income 2023 16 738 M 205 M 205 M
Net Debt 2023 663 B 8 111 M 8 111 M
P/E ratio 2023 15,5x
Yield 2023 1,80%
Capitalization 262 B 3 207 M 3 207 M
EV / Sales 2023 14,5x
EV / Sales 2024 14,5x
Nbr of Employees 19 998
Free-Float 41,3%
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Technical analysis trends MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
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Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 212,65
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Spread / Average Target -
EPS Revisions
Managers and Directors
Ramesh Ganesh Iyer Vice Chairman & Managing Director
Vivek Karve Chief Financial Officer
Anish Dilip Shah Chairman
Mohit Kapoor Head-Technology
Raul Rebello Chief Operating Officer