Issue Highlights:

Issue Opens	Monday, July 10, 2017	Issue Price	Rs. 1000/- per NCD
Issue Closes	Friday, July 28, 2017	Face Value	Rs. 1000 per NCD
Registrar	Karvy Computershare Private Ltd.	Minimum Application	Rs. 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all series
Listing On	BSE	Debenture Trustee	Axis Trustee Services Ltd.
Credit Ratings	"IND AAA/Stable" by India Ratings and "BWR AAA/Stable" by BRICKWORK
Lead Managers	Edelweiss Financial Services Ltd., A. K. Capital Services Ltd., Axis Bank Ltd., Trust Investment Advisors Private Ltd. and Yes Securities (India) Ltd.
Issue Size	25,00,000

*Effective Yield (per annum) For NCD holders

Series	I	II	III
Frequency of Interest Payment	Annual	Annual	Annual
Nature of Instrument	Unsecured	Unsecured	Unsecured
Tenure	7 years	10 years	15 Years
Category I & II	7.76	7.91	7.95
Category III & IV	7.86	8.01	8.05

Business Overview:

Mahindra & Mahindra Financial Services Ltd. is one of the leading non-banking finance companies ("NBFCs") with customers primarily in the rural and semi-urban markets of India. They are part of the Mahindra group, which is one of the largest business conglomerates in India. They are primarily engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles. They also provide housing finance, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services. In addition they, among other services, provide wholesale inventory-financing to dealers and retail-financing to customers in the United States for purchase of Mahindra group products through Mahindra Finance USA LLC, there joint venture with a subsidiary of the Rabobank group.

The company was incorporated in 1991 and commenced operations as a finance company in 1993. They were registered as a deposit-taking NBFC in 1998 and have since established a pan-India presence, spanning 27 states and 4 union territories through 1,182 offices as of March 31, 2017. They cater to the financing needs of retail customers and small and medium-sized enterprises. They primarily focus on providing finance for purchases of auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment and pre-owned vehicles and others which accounted for 28%, 19%, 22%, 11% and 20% of estimated total value of the assets financed, respectively, for the year ended March 31, 2017. They benefit from their close relationships with dealers and their long-standing relationships with OEMs, which allow them to provide on-site financing at dealerships.

Objects for issue:

The company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by their company ("Net Proceeds"), estimated to be approximately Rs. 1,98,306.20 lakhs, towards funding the following objects (collectively, referred to herein as the "Objects"):

1. For the purpose of onward lending, financing, refinancing the existing indebtedness of there company, longterm working capital

2. For General Corporate Purposes - 25% of the amount raised and allotted in the Tranche I Issue

Allotment is on First Come First Serve Basis

Click here to download the prospectus of this NCD Issue.

Category I includes Institutional Investors | Category II includes Non Institutional Investors | Category III includes Individuals