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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, 9:24 pm | Source: BSE

Sub: India Ratings Affirms Mahindra & Mahindra and its NCDs at IND AAA/Stable; Rates New NCDs
Instrument Type ISIN Date of Issuance Coupon Rate Maturity Date Size of Issue (billion) Rating/
Outlook Rating Action
Non-convertible debentures (NCDs) INE101A08088 September 2016 7.57% September 2026 INR4.750 IND AAA/Stable Affirmed
Non-fund-based limits - - - - INR4.025 IND
AAA/ Stable/ IND A1+ Affirmed
Fund-based/Non-fund-based - - - - INR2.500 IND AAA/ Stable/ IND A1+ Affirmed
Fund-based limits - - - - INR8.000 IND A1+ Affirmed
Proposed NCDs* - - - - INR10.000 Provisional IND AAA/Stable Assigned
* The final rating will be assigned following the closure of the issue upon the receipt of the final documentation conforming to the information already received by Ind-Ra
Please find enclosed a Press Release issued by India Ratings and Research Private Limited in this regard.
This Press Release has been issued by India Ratings and Research Private Limited today on 13th April 2020.