Bonds/Debenture Details
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ISIN
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INE774D08LT8
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Issuer Details
Issuer Name: |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED |
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Issuer Former Name: |
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Corporate Identity Number(CIN): |
L65921MH1991PLC059642 |
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Type of Issuer Based on Ownership: |
Non PSU |
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Type of Issuer - Nature: |
NBFC |
Registered Office Address of Issuer: |
GATEWAY BUILDING, APOLLO BUNDER, MUMBAI 400001 |
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Business Sector: |
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Name of the Compliance Officer/Company Secretary: |
MR. DINESH PRAJAPATI |
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Instrument details
Instrument Description (Long): |
8.53% (CATEGORY I & II) UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES III. LETTER OF ALLOTMENT. DATE OF MATURITY 06/06/2026 |
Instrument Description(short): |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR-III8.53 NCD06JU26FVRS1000LOAUPTO24JL16 |
ISIN: |
INE774D08LT8 |
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Type of Instrument: |
Debentures |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Unsecured |
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Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
8.53% |
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Details of Variable Coupon Rate: |
N.A. |
Seniority in Repayment: |
Subordinate Tier 2 |
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Day Count Convention: |
Actual/actual |
Whether tax free: |
No |
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Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
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Issue price (per instrument): |
1000 |
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Issue Size (in Crores): |
0.9 |
Series (if any): |
SERIES III CATEGORY I & II |
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Total Allotment Quantity: |
9000 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
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Date of Allotment: |
06-Jun-2016 |
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Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
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Frequency of Interest Payment with specified dates: |
QUARTERLY ON 06 SEP, 06 DEC, 06 MAR AND 06 JUN STARTING 06-SEP-16 TILL 06-JUN-26 |
Scheduled Opening Date: |
25-May-2016 |
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Put Option with specified dates: |
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Scheduled Closing Date: |
10-Jun-2016 |
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Call Option with specified dates: |
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Actual Closing Date: |
26-May-2016 |
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Redemption Date/Last Conversion Date: |
06-Jun-2026 |
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Defaulted in Redemption: |
Not Applicable |
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If guaranteed, provide complete details regarding the Guarantee: |
N.A |
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Redemption Premium Details: |
N.A |
Step up / Step down coupon basis: |
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Step up / Step down details: |
N.A |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
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Put option details: |
N.A |
Indicate whether Call option will be exercised at Discount/Premium/Par: |
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Call option details: |
N.A |
Whether Debentures/Bonds are perpetual in nature: |
No |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
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Convertibility details: |
N.A |
Type of Convertibility - B: |
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Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A |
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If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
N.A |
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Credit rating Details
Credit Rating Agency Name |
Rating |
Date of Credit Rating |
Date of Rating Change |
CARE Ratings Limited |
CARE AAA/Stable (No Watch) |
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10-Oct-2022 |
CARE Ratings Limited |
CARE AAA/Stable |
08-Jan-2020 |
08-Jan-2020 |
CARE Ratings Limited |
CARE AAA/Stable (No Watch) |
06-Jun-2016 |
11-Sep-2023 |
CARE Ratings Limited |
CARE AAA |
13-May-2016 |
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INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
16-Jun-2022 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA |
28-Mar-2016 |
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INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
01-Nov-2022 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
17-Apr-2023 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
13-Jul-2023 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
13-Sep-2023 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable |
28-Mar-2016 |
08-Dec-2020 |
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Sr. No. |
Credit Rating Agency Name |
Rating |
Date of Credit Rating |
Verification Status |
1 |
INDIA RATING AND RESEARCH PVT. LTD |
IND AAA/Stable (No Watch) |
28-Mar-2016 |
Verified |
2 |
CARE Ratings Limited |
CARE AAA/Stable (No Watch) |
06-Jun-2016 |
Verified |
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Arranger/Lead Manager Details
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Arranger Details |
Sr. No. |
Arranger |
Contact Person |
Registered Office Address |
Phone No. |
Fax |
Email |
1 |
A.K. CAPITAL SERVICES LTD |
VIKAS S. AGARWAL |
FLAT NO. N, SAGAR APARTMENTS, 6, TILAK MARG NEW DELHI DELHI 110001 |
011-23730752 |
011-23385189 |
vikas.agarwal@akgroup.co.in |
2 |
EDELWEISS FINANCIAL SERVICES LTD |
B. RENGANATHAN |
EDELWEISS HOUSE, OFF. C.S.T. ROAD, KALINA MUMBAI MUMBAI MAHARASHTRA 400098 |
2240635467 |
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mbcomplaince@edelcap.com |
3 |
ICICI SECURITIES LTD |
MR. SUBIR SAHA |
ICICI CENTRE, H. T. PAREKH MARG, CHURCHGATE, MUMBAI MAHARASHTRA 400020 |
022-66377178/22882460/70 |
022-22845572 |
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4 |
JM FINANCIAL INSTITUTIONAL SECURITIES PVT. LTD.(FORMERLY JM FINANCIAL CONSULTANTS PVT. LTD) |
CHINTAL SAKARIA |
141, MAKER CHAMBERS III NARIMAN POINT MUMBAI MAHARASHTRA 400021 |
2266303030 |
2222028224 |
chintal.sakaria@jmfinancial.in |
5 |
SBI CAPITAL MARKETS LTD |
BHASKAR CHAKRABORTY |
202, MAKER TOWER E CUFFE PARADE MUMBAI MAHARASHTRA 400005 |
22178300 |
22188332 |
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6 |
TRUST INVESTMENT ADVISORS PVT LTD |
MR. BALKRISHNA A. SHAH |
109/110, BALRAMA, BANDRA KURLA COMPLEX, BANDRA (EAST) MUMBAI MAHARASHTRA 400051 |
022 - 40845000 |
022 - 40845007 |
info@trustgroup.co.in |
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Lead Manager Details |
Sr. No. |
Lead Manager |
Contact Person |
Registered Office Address |
Phone No. |
Fax |
Email |
1 |
A.K. CAPITAL SERVICES LTD |
VIKAS S. AGARWAL |
FLAT NO. N, SAGAR APARTMENTS, 6, TILAK MARG NEW DELHI DELHI 110001 |
011-23730752 |
011-23385189 |
vikas.agarwal@akgroup.co.in |
2 |
EDELWEISS FINANCIAL SERVICES LTD |
B. RENGANATHAN |
EDELWEISS HOUSE, OFF. C.S.T. ROAD, KALINA MUMBAI MUMBAI MAHARASHTRA 400098 |
2240635467 |
|
mbcomplaince@edelcap.com |
3 |
ICICI SECURITIES LTD |
MR. SUBIR SAHA |
ICICI CENTRE, H. T. PAREKH MARG, CHURCHGATE, MUMBAI MAHARASHTRA 400020 |
022-66377178/22882460/70 |
022-22845572 |
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4 |
JM FINANCIAL INSTITUTIONAL SECURITIES PVT. LTD.(FORMERLY JM FINANCIAL CONSULTANTS PVT. LTD) |
CHINTAL SAKARIA |
141, MAKER CHAMBERS III NARIMAN POINT MUMBAI MAHARASHTRA 400021 |
2266303030 |
2222028224 |
chintal.sakaria@jmfinancial.in |
5 |
SBI CAPITAL MARKETS LTD |
BHASKAR CHAKRABORTY |
202, MAKER TOWER E CUFFE PARADE MUMBAI MAHARASHTRA 400005 |
22178300 |
22188332 |
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6 |
TRUST INVESTMENT ADVISORS PVT LTD |
MR. BALKRISHNA A. SHAH |
109/110, BALRAMA, BANDRA KURLA COMPLEX, BANDRA (EAST) MUMBAI MAHARASHTRA 400051 |
022 - 40845000 |
022 - 40845007 |
info@trustgroup.co.in |
7 |
YES BANK LTD. |
ADITYA SANGHI |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MAHARASHTRA 400018 |
022-66699000 |
022-24974158 |
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Redemption Details |
Type of Redemption |
Indication of Put/Call for Partial redemption |
Details of Partial Redemption |
Full Redemption |
N.A |
N.A |
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Partial Redemption
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Sr. No. |
Partial Redemption Date |
Face Value Redemption |
Quantity Redemption |
Redemption Basis |
Nothing found to display. |
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Partial Redeemed
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Redemption Method |
Partial Redemption Date |
Value Redeemed |
Quantity Redemption |
Redemption Reason |
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Total |
0 |
0 |
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Nothing found to display. |
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Net Quantity:
0
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Debenture Trustee Details
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Sr. No. |
Name of Debenture Trustee |
Address |
Contact Details |
Website Address |
1 |
Axis Trustee Services Limited |
Axis Trustee Services Limited, Axis House, Ground Floor,Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai-400025. |
Mr. Devraj Rao, 022-62260061,62260054/6220050 |
www.axistrustee.com |
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Debenture Trustee Default Details
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Sr. No. |
Nature of Issue |
Issue Size |
Due Date of Interest |
Due Date of Redemption |
Default Details |
Actual Payment Date and Details |
Nothing found to display. |
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Registrar Details
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Registrar |
Address of Registrar |
Contact Person |
Phone No. |
Fax |
Email |
KFIN TECHNOLOGIES PRIVATE LIMITED |
Plot No. 17-24, Vittal rao Nagar,Madhapur,Hyderabad500 081 |
Mr. Amit Verma |
040-23420818 |
040-23420814 |
amit.verma@karvy.com;phani@karvy.com ; vmahesh@karvy.com |
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