M&MFIN
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
Indian firms turn to floating-rate debt as interest rate hikes loom
Some firms are unable to raise planned funds via fixed-rate bonds, traders say
Bets that the RBI will raise interest rates in 2026 have strengthened
India's April annual WPI inflation has jumped to its highest level in three and a half years
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, May 18 (Reuters) - Some Indian firms are turning to floating-rate bonds to attract investors and manage borrowing costs at a time when expectations of rate hikes have pushed up yields on conventional fixed-rate debt, making buyers wary of locking in lower rates.
Coupons for floating-rate bonds are priced at a spread over three-month Treasury bill yields and reset quarterly. When rate hikes are expected, these bonds turn more attractive to both issuers and investors - companies can borrow at a lower initial cost, while investors benefit from returns that rise over time.
Four non-banking finance companies, ICICI Home Finance ICICH.UL, Tata Capital TATC.NS, Mahindra & Mahindra Financial Services and HDB Financial Services HDBF.NS, plan to raise about 85.50 billion rupees ($887.74 million) this week through the sale of floating-rate bonds with a three-year maturity, merchant bankers said.
These companies have traditionally relied on fixed-rate bonds for their funding requirements. The four companies did not reply to a Reuters request for comment.
Venkatakrishnan Srinivasan, founder and managing partner of debt advisory firm Rockfort Fincap, cited the volatile interest-rate environment for the rising interest in such bonds, and said several issuers have been struggling to raise targeted amounts through fixed-rate issuances.
Bets that the Reserve Bank of India will raise interest rates in 2026 have strengthened, with inflation expected to rise due to persistently high oil prices from the Iran war.
India's April annual wholesale price index inflation jumped to its highest level in three and a half years, while overnight index swap rates have surged.
The one-year swap is now pricing in at least 100 basis points of hikes over the next 12 months, possibly from August, lifting fixed-rate yields.
YIELD PICKUP
Currently, spreads on AAA-rated floating-rate debt are in the 193–210 bp range over the T-bills, implying a yield of about 7.35%. This is roughly 30–40 bps lower than the comparable fixed-rate bonds.
"If an asset manager fully hedges the floating rate bond, the all-in yield (for the investor) is closer to 8.85%, compared with around 8.25% on a conventional fixed-rate bond. On a hedged basis, it makes a lot of sense for asset managers to add these papers," said Basant Bafna, head of fixed income at Mirae Asset Investment Managers (India).
Investors can use the swap market to convert floating returns into fixed ones.
From the issuer's perspective, they are "getting good size", Bafna said, referring to a larger quantum of funds, and added that their incremental cost of funds is lower.
($1 = 96.3125 Indian rupees)
U.S.-Iran war, elevated oil push top-rated corporate bond yields higher https://reut.rs/4tD7Ujx
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nimesh Vora and Janane Venkatraman)
Some firms are unable to raise planned funds via fixed-rate bonds, traders say
Bets that the RBI will raise interest rates in 2026 have strengthened
India's April annual WPI inflation has jumped to its highest level in three and a half years
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, May 18 (Reuters) - Some Indian firms are turning to floating-rate bonds to attract investors and manage borrowing costs at a time when expectations of rate hikes have pushed up yields on conventional fixed-rate debt, making buyers wary of locking in lower rates.
Coupons for floating-rate bonds are priced at a spread over three-month Treasury bill yields and reset quarterly. When rate hikes are expected, these bonds turn more attractive to both issuers and investors - companies can borrow at a lower initial cost, while investors benefit from returns that rise over time.
Four non-banking finance companies, ICICI Home Finance ICICH.UL, Tata Capital TATC.NS, Mahindra & Mahindra Financial Services and HDB Financial Services HDBF.NS, plan to raise about 85.50 billion rupees ($887.74 million) this week through the sale of floating-rate bonds with a three-year maturity, merchant bankers said.
These companies have traditionally relied on fixed-rate bonds for their funding requirements. The four companies did not reply to a Reuters request for comment.
Venkatakrishnan Srinivasan, founder and managing partner of debt advisory firm Rockfort Fincap, cited the volatile interest-rate environment for the rising interest in such bonds, and said several issuers have been struggling to raise targeted amounts through fixed-rate issuances.
Bets that the Reserve Bank of India will raise interest rates in 2026 have strengthened, with inflation expected to rise due to persistently high oil prices from the Iran war.
India's April annual wholesale price index inflation jumped to its highest level in three and a half years, while overnight index swap rates have surged.
The one-year swap is now pricing in at least 100 basis points of hikes over the next 12 months, possibly from August, lifting fixed-rate yields.
YIELD PICKUP
Currently, spreads on AAA-rated floating-rate debt are in the 193–210 bp range over the T-bills, implying a yield of about 7.35%. This is roughly 30–40 bps lower than the comparable fixed-rate bonds.
"If an asset manager fully hedges the floating rate bond, the all-in yield (for the investor) is closer to 8.85%, compared with around 8.25% on a conventional fixed-rate bond. On a hedged basis, it makes a lot of sense for asset managers to add these papers," said Basant Bafna, head of fixed income at Mirae Asset Investment Managers (India).
Investors can use the swap market to convert floating returns into fixed ones.
From the issuer's perspective, they are "getting good size", Bafna said, referring to a larger quantum of funds, and added that their incremental cost of funds is lower.
($1 = 96.3125 Indian rupees)
U.S.-Iran war, elevated oil push top-rated corporate bond yields higher https://reut.rs/4tD7Ujx
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nimesh Vora and Janane Venkatraman)
India New Issue-M&M Financial accepts bids for near 2-year bonds, bankers say
MUMBAI, May 12 (Reuters) - India's M&M Financial accepted bids worth 8.55 billion rupees ($89.5 million) in a sale of bonds maturing in one year and nine months, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 7.9% and had invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 1 year and 9 months | 7.90 | 8.55 | May 11 | AAA (Crisil) |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 12 (Reuters) - India's M&M Financial accepted bids worth 8.55 billion rupees ($89.5 million) in a sale of bonds maturing in one year and nine months, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 7.9% and had invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 1 year and 9 months | 7.90 | 8.55 | May 11 | AAA (Crisil) |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
Indian non-bank lenders plan $1.6 billion in debt sales as yields decline, bankers say
By Dharamraj Dhutia
MUMBAI, May 8 (Reuters) - Five AAA-rated non bank finance companies (NBFCs) are planning to raise as much as 150 billion rupees ($1.6 billion) through sale of bonds maturing from two years to five years, three merchant bankers said on Friday.
A drop in Indian corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April.
Below are some of the issues likely to hit the market soon, based on information from merchant bankers, who declined to be identified as they are not authorised to speak to the media.
Bajaj Finance aims to raise 90 billion rupees through two separate debt issuances, while Tata Capital plans to mobilise 17.70 billion rupees through a dual-tranche bond sale.
Bajaj Housing Finance is targeting 15 billion rupees, and M&M Financial Services is looking to raise 10 billion rupees.
Poonawalla Fincorp accepted bids worth 10 billion rupees earlier on Friday.
None of the companies responded to Reuters' requests for comment.
Yields on AAA-rated papers of up to five-year maturity have eased by around 15 basis points over last couple of days as oil prices have eased on hopes of a resolution to the Iran war.
Bankers said firms are trying to front-load borrowings before volatility returns, particularly with geopolitical risks still unresolved.
Benefit of bond funding over bank loans like tenor flexibility, better liability matching, faster rate transmission makes it favourable, Priyashis Das, CEO at a bond trading platform Altifi said.
($1 = 94.5450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
By Dharamraj Dhutia
MUMBAI, May 8 (Reuters) - Five AAA-rated non bank finance companies (NBFCs) are planning to raise as much as 150 billion rupees ($1.6 billion) through sale of bonds maturing from two years to five years, three merchant bankers said on Friday.
A drop in Indian corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April.
Below are some of the issues likely to hit the market soon, based on information from merchant bankers, who declined to be identified as they are not authorised to speak to the media.
Bajaj Finance aims to raise 90 billion rupees through two separate debt issuances, while Tata Capital plans to mobilise 17.70 billion rupees through a dual-tranche bond sale.
Bajaj Housing Finance is targeting 15 billion rupees, and M&M Financial Services is looking to raise 10 billion rupees.
Poonawalla Fincorp accepted bids worth 10 billion rupees earlier on Friday.
None of the companies responded to Reuters' requests for comment.
Yields on AAA-rated papers of up to five-year maturity have eased by around 15 basis points over last couple of days as oil prices have eased on hopes of a resolution to the Iran war.
Bankers said firms are trying to front-load borrowings before volatility returns, particularly with geopolitical risks still unresolved.
Benefit of bond funding over bank loans like tenor flexibility, better liability matching, faster rate transmission makes it favourable, Priyashis Das, CEO at a bond trading platform Altifi said.
($1 = 94.5450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
India New Issue-M&M Financial accepts bids for near 3-year bonds, bankers say
MUMBAI, April 27 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 5 billion rupees ($53.08 million) in a sale of bonds maturing in two years and 11 months, three bankers said on Monday.
It will pay a coupon of 7.71% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Mahindra and Mahindra Financial Services | 2 years and 11 months | 7.71 | 5 | April 27 | AAA (India Ratings) |
NIIF Infrastructure Finance | 5 years and 4 months | 7.88 | 5+5 | April 28 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.2038 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, April 27 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 5 billion rupees ($53.08 million) in a sale of bonds maturing in two years and 11 months, three bankers said on Monday.
It will pay a coupon of 7.71% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Mahindra and Mahindra Financial Services | 2 years and 11 months | 7.71 | 5 | April 27 | AAA (India Ratings) |
NIIF Infrastructure Finance | 5 years and 4 months | 7.88 | 5+5 | April 28 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.2038 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
Mahindra Finance Increases Borrowing Limits From 1.5 Trln Rupees To 1.75 Trln Rupees
April 24 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA FINANCE - INCREASES BORROWING LIMITS FROM 1.5 TRLN RUPEES TO 1.75 TRLN RUPEES
MAHINDRA FINANCE - PASSED RESOLUTION FOR UPDATION OF BORROWING RELATED AUTHORISATIONS
MAHINDRA FINANCE - PASSED RESOLUTION FOR CONSOLIDATION, UPDATION OF BORROWING RELATED AUTHORISATIONS
MAHINDRA FINANCE - RESOLUTION INCLUDES FUND RAISE BY WAY OF ISSUANCE OF NCDS UPTO 650 BILLION RUPEES
Source text: ID:nBSE2Kcn08
Further company coverage: MMFS.NS
April 24 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA FINANCE - INCREASES BORROWING LIMITS FROM 1.5 TRLN RUPEES TO 1.75 TRLN RUPEES
MAHINDRA FINANCE - PASSED RESOLUTION FOR UPDATION OF BORROWING RELATED AUTHORISATIONS
MAHINDRA FINANCE - PASSED RESOLUTION FOR CONSOLIDATION, UPDATION OF BORROWING RELATED AUTHORISATIONS
MAHINDRA FINANCE - RESOLUTION INCLUDES FUND RAISE BY WAY OF ISSUANCE OF NCDS UPTO 650 BILLION RUPEES
Source text: ID:nBSE2Kcn08
Further company coverage: MMFS.NS
Mahindra Finance Approves Issuance Of Non-Convertible Debentures Worth Up To 10 Billion Rupees
April 23 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 10 BILLION RUPEES
Source text: ID:nBSE3J0kvV
Further company coverage: MMFS.NS
April 23 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 10 BILLION RUPEES
Source text: ID:nBSE3J0kvV
Further company coverage: MMFS.NS
RBI Imposes Monetary Penalty On Mahindra & Mahindra Financial Services
Feb 27 (Reuters) -
RBI: IMPOSES MONETARY PENALTY ON MAHINDRA & MAHINDRA FINANCIAL SERVICES FOR 1.2 MILLION RUPEES
Further company coverage: MMFS.NS
Feb 27 (Reuters) -
RBI: IMPOSES MONETARY PENALTY ON MAHINDRA & MAHINDRA FINANCIAL SERVICES FOR 1.2 MILLION RUPEES
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services And ICICI Lombard Partner For Motor Insurance
Aug 11 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES - CO AND ICICI LOMBARD PARTNER FOR MOTOR INSURANCE
Source text: ID:nBSE9NfC1W
Further company coverage: MMFS.NS
Aug 11 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES - CO AND ICICI LOMBARD PARTNER FOR MOTOR INSURANCE
Source text: ID:nBSE9NfC1W
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services Q1 Profit 5.3 Bln Rupees
July 22 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
Q1 PROFIT 5.3 BILLION RUPEES; IBES PROFIT EST. 5.34 BILLION RUPEES
Q1 INTEREST INCOME 41.65 BILLION RUPEES
Source text: ID:nBSED4wDN
Further company coverage: MMFS.NS
July 22 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
Q1 PROFIT 5.3 BILLION RUPEES; IBES PROFIT EST. 5.34 BILLION RUPEES
Q1 INTEREST INCOME 41.65 BILLION RUPEES
Source text: ID:nBSED4wDN
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services Recommends Final Dividend Of 6.50 Rupees Per Equity Share
May 26 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - RECOMMENDS FINAL DIVIDEND OF 6.50 RUPEES PER EQUITY SHARE
Source text: ID:nNSEb6lyT0
Further company coverage: MMFS.NS
May 26 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - RECOMMENDS FINAL DIVIDEND OF 6.50 RUPEES PER EQUITY SHARE
Source text: ID:nNSEb6lyT0
Further company coverage: MMFS.NS
Mahindra Finance Says Issue Price For Rights Issue Set At 194 Rupees/Share
May 8 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
ISSUE PRICE FOR RIGHTS ISSUE SET AT 194 RUPEESPER SHARE
RIGHTS ISSUE SIZE 29.96 BILLION RUPEES
RIGHTS ENTITLEMENT RATIO 1:8
Further company coverage: MMFS.NS
May 8 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
ISSUE PRICE FOR RIGHTS ISSUE SET AT 194 RUPEESPER SHARE
RIGHTS ISSUE SIZE 29.96 BILLION RUPEES
RIGHTS ENTITLEMENT RATIO 1:8
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services Approves Rights Issue To Raise Up To 30 Bln Rupees
May 2 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVES RIGHTS ISSUE TO RAISE UP TO 30 BILLION RUPEES
BOARD PASSES FRESH RESOLUTION FOR SIMPLIFIED RIGHTS ISSUE
Source text: ID:nBSE63hngZ
Further company coverage: MMFS.NS
May 2 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVES RIGHTS ISSUE TO RAISE UP TO 30 BILLION RUPEES
BOARD PASSES FRESH RESOLUTION FOR SIMPLIFIED RIGHTS ISSUE
Source text: ID:nBSE63hngZ
Further company coverage: MMFS.NS
Mahindra Finance March-Quarter Profit 5.63 Bln Rupees
April 22 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MARCH-QUARTER PROFIT 5.63 BILLION RUPEES
MARCH-QUARTER INTEREST INCOME 40.17 BILLION RUPEES
RECOMMENDS DIVIDEND OF 6.50 RUPEES PER EQUITY SHARE
Source text: [ID:]
Further company coverage: MMFS.NS
April 22 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MARCH-QUARTER PROFIT 5.63 BILLION RUPEES
MARCH-QUARTER INTEREST INCOME 40.17 BILLION RUPEES
RECOMMENDS DIVIDEND OF 6.50 RUPEES PER EQUITY SHARE
Source text: [ID:]
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services To Consider Increase In Borrowing Limits
April 15 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
BOARD TO CONSIDER INCREASE IN BORROWING LIMITS
Source text: ID:nBSEbGHJXV
Further company coverage: MMFS.NS
April 15 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
BOARD TO CONSIDER INCREASE IN BORROWING LIMITS
Source text: ID:nBSEbGHJXV
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services Q4 Business Assets Growth Of 16% Over March 2024
April 2 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q4 BUSINESS ASSETS GROWTH OF 16% OVER MARCH 2024
Source text: ID:nBSEbhkVgg
Further company coverage: MMFS.NS
April 2 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q4 BUSINESS ASSETS GROWTH OF 16% OVER MARCH 2024
Source text: ID:nBSEbhkVgg
Further company coverage: MMFS.NS
India New Issue-M&M Financial to issue 10-year bonds, bankers say
MUMBAI, Feb 25 (Reuters) - India's M&M Financial Services MMFS.NS plans to raise 5 billion rupees ($57.63 million), including a greenshoe option of 2 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
Here is the list of deals reported so far on February 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial Services | 10 years | To be decided | 3+2 | Feb. 25 | AAA (Crisil) |
NIIF Infra Finance | 8-12 year | To be decided | 5+5 | Feb. 27 | AAA (Care, Icra |
TVS Credit Services | 3 years | 8.25 | 5+5 | Feb. 28 | AA+ (Care) |
PFC | 4-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
PFC | 9-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
* Size includes base plus greenshoe for some issues
($1 = 86.7550 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Feb 25 (Reuters) - India's M&M Financial Services MMFS.NS plans to raise 5 billion rupees ($57.63 million), including a greenshoe option of 2 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
Here is the list of deals reported so far on February 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial Services | 10 years | To be decided | 3+2 | Feb. 25 | AAA (Crisil) |
NIIF Infra Finance | 8-12 year | To be decided | 5+5 | Feb. 27 | AAA (Care, Icra |
TVS Credit Services | 3 years | 8.25 | 5+5 | Feb. 28 | AA+ (Care) |
PFC | 4-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
PFC | 9-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
* Size includes base plus greenshoe for some issues
($1 = 86.7550 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Mahindra Finance Approves Issue Of Non-Convertible Debentures
Feb 21 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA FINANCE - APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES
MAHINDRA FINANCE - NCD BASE ISSUE WORTH 3 BILLION RUPEES, WITH GREEN SHOE OPTION UP TO 2 BILLION RUPEES
Source text: ID:nNSE2rzfWx
Further company coverage: MMFS.NS
Feb 21 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA FINANCE - APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES
MAHINDRA FINANCE - NCD BASE ISSUE WORTH 3 BILLION RUPEES, WITH GREEN SHOE OPTION UP TO 2 BILLION RUPEES
Source text: ID:nNSE2rzfWx
Further company coverage: MMFS.NS
Mahindra & Mahindra To Subscribe To Equity Shares Of MMFSL And MLDL To Full Extent Of Co'S Rights Entitlement
Feb 20 (Reuters) - Mahindra and Mahindra Ltd MAHM.NS:
TO SUBSCRIBE TO EQUITY SHARES OF MMFSL AND MLDL TO FULL EXTENT OF THE COMPANY’S RIGHTS ENTITLEMENT
TO SUBSCRIBE TO ADDITIONAL SHARES, UNSUBSCRIBED PORTION OF RIGHTS ISSUE
Source text: [ID:]
Further company coverage: MAHM.NS
Feb 20 (Reuters) - Mahindra and Mahindra Ltd MAHM.NS:
TO SUBSCRIBE TO EQUITY SHARES OF MMFSL AND MLDL TO FULL EXTENT OF THE COMPANY’S RIGHTS ENTITLEMENT
TO SUBSCRIBE TO ADDITIONAL SHARES, UNSUBSCRIBED PORTION OF RIGHTS ISSUE
Source text: [ID:]
Further company coverage: MAHM.NS
Mahindra And Mahindra Financial Services To Consider Fund Raising
Feb 10 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
BOARD TO CONSIDER FUND RAISING
Source text: ID:nBSE4c1kgz
Further company coverage: MMFS.NS
Feb 10 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
BOARD TO CONSIDER FUND RAISING
Source text: ID:nBSE4c1kgz
Further company coverage: MMFS.NS
India New Issue-M&M Financial accepts bids for over 3-year bonds, bankers say
MUMBAI, Jan 31 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 7.05 billion rupees ($81.4 million) for bonds maturing in three years and three months, three bankers said on Friday.
The company will pay an annual coupon of 7.8863% and had invited bids from bankers and investors for the issue earlier in the day, they said.
Here is the list of deals reported so far on Jan. 31:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 7.8863 | 7.05 | Jan. 31 | AAA (India Ratings) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 5+25 | Feb. 3 | AAA (Crisil) |
NaBFID | 15 years | To be decided | 20+30 | Feb. 4 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.6320 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Jan 31 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 7.05 billion rupees ($81.4 million) for bonds maturing in three years and three months, three bankers said on Friday.
The company will pay an annual coupon of 7.8863% and had invited bids from bankers and investors for the issue earlier in the day, they said.
Here is the list of deals reported so far on Jan. 31:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 7.8863 | 7.05 | Jan. 31 | AAA (India Ratings) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 5+25 | Feb. 3 | AAA (Crisil) |
NaBFID | 15 years | To be decided | 20+30 | Feb. 4 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.6320 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
India New Issue-M&M Financial to issue over 3-year bonds, bankers say
MUMBAI, Jan 30 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7.50 billion rupees ($86.64 million), including a greenshoe option of 6 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 7.8863 | 1.50+6 | Jan. 31 | AAA (India Ratings) |
Can Fin Homes | 5 years | 7.90 | 5 | Jan. 29 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Jan 30 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7.50 billion rupees ($86.64 million), including a greenshoe option of 6 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 7.8863 | 1.50+6 | Jan. 31 | AAA (India Ratings) |
Can Fin Homes | 5 years | 7.90 | 5 | Jan. 29 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Mahindra Finance Dec-Quarter Consol Net Profit 9.18 Bln Rupees
Jan 28 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
DEC-QUARTER CONSOL NET PROFIT 9.18 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 47.97 BILLION RUPEES
Source text: ID:nBSE9dQGf7
Further company coverage: MMFS.NS
Jan 28 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
DEC-QUARTER CONSOL NET PROFIT 9.18 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 47.97 BILLION RUPEES
Source text: ID:nBSE9dQGf7
Further company coverage: MMFS.NS
India New Issue-M&M Financial to issue over 10-year bonds, bankers say
MUMBAI, Jan 22 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7 billion rupees (nearly $81 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in 10 years and four months, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years and 4 months | To be decided | 2+5 | Jan. 23 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.5450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Jan 22 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7 billion rupees (nearly $81 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in 10 years and four months, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years and 4 months | To be decided | 2+5 | Jan. 23 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.5450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
Mahindra Finance To Issue Non-Convertible Subordinated Debentures On Private Placement
Jan 21 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
TO ISSUE NON-CONVERTIBLE SUBORDINATED DEBENTURES ON PRIVATE PLACEMENT
TO ISSUE NON-CONVERTIBLE SUBORDINATED DEBENTURES WORTH 2 BILLION RUPEES
Source text: ID:nNSE7Vtg7V
Further company coverage: MMFS.NS
Jan 21 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
TO ISSUE NON-CONVERTIBLE SUBORDINATED DEBENTURES ON PRIVATE PLACEMENT
TO ISSUE NON-CONVERTIBLE SUBORDINATED DEBENTURES WORTH 2 BILLION RUPEES
Source text: ID:nNSE7Vtg7V
Further company coverage: MMFS.NS
Mahindra And Mahindra Financial Services Q3 Fy25 Disbursement Estimated At 164.50 Billion Rupees
Jan 3 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q3 FY25 DISBURSEMENT ESTIMATED AT 164.50 BILLION RUPEES, 7% YOY GROWTH
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q3 FY25 COLLECTION EFFICIENCY AT 95%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - LIQUIDITY CHEST OF OVER 91 BILLION RUPEES
Source text: ID:nNSE1hkyts
Further company coverage: MMFS.NS
Jan 3 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q3 FY25 DISBURSEMENT ESTIMATED AT 164.50 BILLION RUPEES, 7% YOY GROWTH
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - Q3 FY25 COLLECTION EFFICIENCY AT 95%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD - LIQUIDITY CHEST OF OVER 91 BILLION RUPEES
Source text: ID:nNSE1hkyts
Further company coverage: MMFS.NS
Mahindra Finance Gets Approval To Launch Co-Branded Credit Cards With RBL Bank
Oct 28 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
GETS APPROVAL TO LAUNCH CO-BRANDED CREDIT CARDS WITH RBL BANK
Source text: [ID:]
Further company coverage: MMFS.NS
Oct 28 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
GETS APPROVAL TO LAUNCH CO-BRANDED CREDIT CARDS WITH RBL BANK
Source text: [ID:]
Further company coverage: MMFS.NS
India New Issue-M&M Financial accepts bids for 10-year bonds, bankers say
MUMBAI, Oct 8 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 7.50 billion rupees ($89.32 million) for subordinated bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 8.24% and had invited bids for the issue on Monday, they said.
Here is the list of deals reported so far on Oct. 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years | 8.24 | 7.50 | Oct. 7 | AAA (Crisil) |
Aethon Developers | 2 years and 6 months | To be decided | 4.45 | Oct. 11 | A- (CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 83.9710 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
MUMBAI, Oct 8 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS has accepted bids worth 7.50 billion rupees ($89.32 million) for subordinated bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 8.24% and had invited bids for the issue on Monday, they said.
Here is the list of deals reported so far on Oct. 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years | 8.24 | 7.50 | Oct. 7 | AAA (Crisil) |
Aethon Developers | 2 years and 6 months | To be decided | 4.45 | Oct. 11 | A- (CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 83.9710 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
India New Issue-M&M Financial to issue 10-year bonds, bankers say
MUMBAI, Oct 7 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7.50 billion rupees ($89.32 million) through a sale of bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 8.24% and has invited bids for the issue later in the day, they said.
Here is the list of deals reported so far on Oct. 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years | 8.24 | 7.50 | Oct 7 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.9640 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Oct 7 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS plans to raise 7.50 billion rupees ($89.32 million) through a sale of bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 8.24% and has invited bids for the issue later in the day, they said.
Here is the list of deals reported so far on Oct. 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 10 years | 8.24 | 7.50 | Oct 7 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.9640 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
Mahindra And Mahindra Financial Approved Issue Of Non-Convertible Debentures On Private Placement
Oct 3 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT
TO ISSUE UPTO 7.5 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MMFS.NS
Oct 3 (Reuters) - Mahindra and Mahindra Financial Services Ltd MMFS.NS:
APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT
TO ISSUE UPTO 7.5 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MMFS.NS
India New Issue-M&M Financial Services accepts bids for bond issue, bankers say
MUMBAI, Sept 26 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS accepted bids worth 12.50 billion rupees ($149.42 million) for bonds maturing in three years and three months, three bankers said on Thursday.
The company will pay an annual coupon of 8.01% and had invited bids for the issue on Wednesday, they said.
Here is the list of deals reported so far on Sept. 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 8.01 | 12.50 | Sept. 25 | AAA (Crisil) |
Shriram Finance May 2026 reissue | 1 year and 8 months | To be decided | 0.5+1 | Sept. 26 | AA+ (Crisil) |
Shriram Finance June 2026 reissue | 1 year and 9 months | To be decided | 2.5+5.5 | Sept. 26 | AA+ (Crisil) |
Shriram Finance May 2029 reissue | 4 year and 8 months | To be decided | 1+1 | Sept. 26 | AA+ (Crisil) |
Avanse Financial Services | 3 years | To be decided | 5 | Sept. 26 | AA- (CareEdge) |
Embassy Office Parks REIT | 3 years | 7.96 (payable quarterly) | 9 | Sept. 25 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.6570 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
MUMBAI, Sept 26 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS accepted bids worth 12.50 billion rupees ($149.42 million) for bonds maturing in three years and three months, three bankers said on Thursday.
The company will pay an annual coupon of 8.01% and had invited bids for the issue on Wednesday, they said.
Here is the list of deals reported so far on Sept. 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
M&M Financial | 3 years and 3 months | 8.01 | 12.50 | Sept. 25 | AAA (Crisil) |
Shriram Finance May 2026 reissue | 1 year and 8 months | To be decided | 0.5+1 | Sept. 26 | AA+ (Crisil) |
Shriram Finance June 2026 reissue | 1 year and 9 months | To be decided | 2.5+5.5 | Sept. 26 | AA+ (Crisil) |
Shriram Finance May 2029 reissue | 4 year and 8 months | To be decided | 1+1 | Sept. 26 | AA+ (Crisil) |
Avanse Financial Services | 3 years | To be decided | 5 | Sept. 26 | AA- (CareEdge) |
Embassy Office Parks REIT | 3 years | 7.96 (payable quarterly) | 9 | Sept. 25 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.6570 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
Upcoming Events:
Dividend
Events:
Dividend
Rights
Dividend
Dividend
Dividend
Dividend
Rights
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
More Mid Cap Ideas
See similar 'Mid' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does Mah & Mah Finl. Serv do?
Mahindra & Mahindra Financial Services (Mahindra Finance) is a leading upper layer deposit taking nonbanking finance company (NBFC) that provides a range of financial products and services to borrowers in Emerging India. The company is a formidable player in the financing of new and pre-owned automotive vehicles, tractors and commercial vehicles.
Who are the competitors of Mah & Mah Finl. Serv?
Mah & Mah Finl. Serv major competitors are Sundaram Finance, Poonawalla Fincorp, Cholamandalam Fin., Manappuram Finance, SBI Cards AndPayment, CreditAccess Grameen, Capri Global Capital. Market Cap of Mah & Mah Finl. Serv is ₹42,957 Crs. While the median market cap of its peers are ₹30,760 Crs.
Is Mah & Mah Finl. Serv financially stable compared to its competitors?
Mah & Mah Finl. Serv seems to be less financially stable compared to its competitors. Altman Z score of Mah & Mah Finl. Serv is 0.5 and is ranked 7 out of its 8 competitors.
Does Mah & Mah Finl. Serv pay decent dividends?
The company seems to pay a good stable dividend. Mah & Mah Finl. Serv latest dividend payout ratio is 35.49% and 3yr average dividend payout ratio is 37.15%
How strong is Mah & Mah Finl. Serv balance sheet?
Latest balance sheet of Mah & Mah Finl. Serv is strong. Strength was visible historically as well.
Is the profitablity of Mah & Mah Finl. Serv improving?
Yes, profit is increasing. The profit of Mah & Mah Finl. Serv is ₹2,791 Crs for TTM, ₹2,262 Crs for Mar 2025 and ₹1,933 Crs for Mar 2024.
Is Mah & Mah Finl. Serv stock expensive?
Mah & Mah Finl. Serv is not expensive. Latest PE of Mah & Mah Finl. Serv is 14.72 while 3 year average PE is 16.11. Also latest Price to Book of Mah & Mah Finl. Serv is 1.58 while 3yr average is 1.7.
Has the share price of Mah & Mah Finl. Serv grown faster than its competition?
Mah & Mah Finl. Serv has given lower returns compared to its competitors. Mah & Mah Finl. Serv has grown at ~21.41% over the last 6yrs while peers have grown at a median rate of 24.74%
Is the promoter bullish about Mah & Mah Finl. Serv?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Mah & Mah Finl. Serv is 52.49% and last quarter promoter holding is 52.49%.
Are mutual funds buying/selling Mah & Mah Finl. Serv?
The mutual fund holding of Mah & Mah Finl. Serv is decreasing. The current mutual fund holding in Mah & Mah Finl. Serv is 17.01% while previous quarter holding is 17.18%.