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Mahindra & Mahindra Ltd.

BSE: 500520 Sector: Auto
NSE: M&M ISIN Code: INE101A01026
BSE 00:00 | 24 Apr Mahindra & Mahindra Ltd
NSE 05:30 | 01 Jan Mahindra & Mahindra Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 13, 2020, 10:47 am | Source: BSE

Dear Sirs

Sub: Mahindra & Mahindra Limited: [ICRA]AAA (Stable) assigned for Rs. 1000 crore proposed Non-convertible Debenture Programme


Instrument Previous Rated Amount (Rs. Crore) Current Rated Amount (Rs. Crore) Rating Action
Proposed Non-convertible Debenture Programme - 1000.0 [ICRA]AAA (Stable); assigned
Non-convertible Debenture Programme 500.0 500.0 [ICRA]AAA (Stable); outstanding
Long-term Fund-based Facilities 65.0 65.0 [ICRA]AAA (Stable); outstanding
Long-term Non-fund Based Facilities 110.0 110.0 [ICRA]AAA (Stable); outstanding
Short-term Non-fund Based Facilities 350.0 350.0 [ICRA]A1+; outstanding
Total 1025.0 2025.0

Please find enclosed a Press Release issued by ICRA Limited in this regard.

This Press Release has been issued by ICRA Limited today on 13th April 2020.

Kindly take the above on record.