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THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED
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2009, as amended, and are not intended to nor constitute an invitation to subscribe
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Unless otherwise determined by Mahindra & Mahindra Financial Services Limited (the
"Company") and permitted by applicable law and regulation, it is not intended that
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in or into, the United States, except pursuant to an exemption from registration
as described below.
The securities being referred to herein have not been, and will not be, registered
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The placement referred to herein is being made in reliance upon Chapter VIII of
the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009, as amended, and is meant only for qualified institutional buyers
(as defined in the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2009, as amended) on a private placement basis
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