FINWIRES · TerminalLIVE
FINWIRES

BOM:532720

7 stories mentioning BOM:532720Updated 5d ago

Every FINWIRES story that references BOM:532720, newest first.

Asia

Brickwork Ratings Keeps AAA Rating on Mahindra & Mahindra Financial Services' Bonds; Outlook Stable

Brickwork Ratings India affirmed its AAA long-term rating on Mahindra & Mahindra Financial Services' (NSE:M&MFIN, BOM:532720) non-convertible debentures worth around 21.26 billion Indian rupees.The rating outlook is stable, according to a Thursday filing.

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial Raises INR5 Billion Through Debenture Allotment

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has raised 5 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.The company allotted 50,000 listed, secured, rated, redeemable non-convertible debentures of the face value of 100,000 rupees per debenture.The said debentures have been issued at a fixed coupon of 7.71% per annum and are proposed to be listed on the wholesale debt market segment of the BSE.The company's shares were down nearly 2% in recent trade.

BOM:532720NSE:M&MFIN
Research

Investec Upgrades Mahindra & Mahindra Financial Services to Hold from Sell; Price Target is INR330

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 357.73 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial Services Chief Business Officer - Wheels Resigns

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said chief business officer - wheels has resigned to pursue other interests, according to a Friday filing on Indian bourses.Shares of the company jumped 8% in Monday's trade.He will continue to be associated with the company in a consulting role for the wheels business, the filing said.

BOM:532720NSE:M&MFIN
Research

JM Financial Upgrades Mahindra & Mahindra Financial Services to Buy from Add; Price Target is INR350

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 357.73 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial's Fiscal Q4 Consolidated Profit More Than Doubles

Mahindra & Mahindra Financial Services' (NSE:M&MFIN, BOM:532720) attributable consolidated net profit more than doubled to 9.38 billion Indian rupees in the fiscal fourth quarter from 4.57 billion rupees a year ago, according to a Friday filing with the Indian stock exchanges.Shares of the company jumped over 8% in Monday's trade.Earnings per share during the quarter ended March 31 climbed to 6.75 rupees from 3.59 rupees a year earlier.Total revenue from operations in fiscal Q4 increased to 47.7 billion rupees from 43.2 billion rupees, the filing said.The board recommended a final dividend of 7.50 rupees per share.

BOM:532720NSE:M&MFIN
Asia

Crisil, India Ratings Assigns A1+ Rating to Mahindra & Mahindra Financial's Commercial Papers

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said CRISIL Ratings has assigned A1+ rating to the company's commercial paper worth 170 billion Indian rupees, according to an Indian bourse filing on Friday.Separately, India Ratings & Research also assigned A1+ rating to Mahindra & Mahindra Financial's commercial paper worth 200 billion Indian rupees, the filing said.

BOM:532720NSE:M&MFIN

Track with the FINWIRES app suite