Mahindra & Mahindra Financial Services Limited announced that on the basis the successful bidding done at the BSE Bond-EBP Platform, the Committee of Directors have approved the allotment of 1,00,000 Secured, Redeemable, Non-convertible Debentures ("NCDs") of the face value of INR 1,00,000 per debenture issued at a discount of INR 99.1753 per debenture and accrued interest of INR 1,014.3443 per debenture, aggregating to subscription amount of INR 10,091,516,900/-, on private placement basis to the identified investors. The said NCDs have been issued at a Fixed Coupon of 8.25% p.a. with effective yield (XIRR) at 8.28% and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.