PROJECT

Projects

Summary of Investment Information

Project Number

38977

Company Name

MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED

Date SPI Disclosed

May 13, 2017

Country

India

Region

South Asia

Projected Board Date

Sep 30, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 7, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 13, 2017
Signed : Dec 26, 2017
Invested : Jul 3, 2018

Sector

Commercial Banking - General

Project Description

The proposed project comprises an investment in non-convertible debentures to be issued by Mahindra & Mahindra Financial Services Limited (“MMFSL” or the “Company”). The proceeds of the IFC investment will support lending by the Company to the agricultural sector and will be on lent to finance agricultural equipment, mainly tractors and a range of utility and commercial vehicles. The Facility will primarily benefit borrowers in rural and semi urban locations across in India and largely in Lower Income states. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation