Mahindra & Mahindra Financial Services Limited announced at the board meeting held on February 27, 2024, approved issuance of unsecured, redeemable, subordinated non-convertible debentures on private placement basis. total amount for which the securities will be issued: INR 4,000 million. Size of the issue: INR 4,000 million (face value of INR 1,00,000/- per debenture). Wholesale Debt Market Segment of BSE Limited. Tenure of the instrument: Residual Tenor Series AAA2024-I (Further Issuance): 9 years & 321 days from the Deemed Date of Allotment, i.e., from 1st March 2024 (Original Tenor: 10 years from Original Deemed date of Allotment i.e. 16th January 2024). Date of allotment: 1st March 2024. Date of maturity: 16th January 2034. Pay-in-amount: Based on the bidding price on the Electronic Bidding Platform. Coupon/interest offered: Fixed Coupon: 8.35% p.a. In case of default in payment of Coupon and/or principal redemption on the due dates, additional interest @ 2% p.a. over the Coupon will be payable by the Company for the defaulting
period.