annual-report-FY2020

285 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 36. Related Party Disclosures: (contd.) (d) Disclosure required under Section 186(4) of the Companies Act, 2013 for Loans and Guarantees (net of provision): Rupees crores Sr. No. Name Relation 2020 2019 1. Inter Corporate deposits and Loans Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary 85.54 79.09 Mahindra Rural Housing Finance Limited Subsidiary 200.00 50.00 Mahindra Agri Solutions Limited Subsidiary — 50.00 Mahindra & Mahindra Financial Services Limited Subsidiary 100.00 400.00 Mahindra Ideal Lanka (Private) Limited Subsidiary 2.99 — Mahindra Integrated Business Solutions Limited Subsidiary 0.50 — Kotak Mahindra Investment Limited 150.00 — Kotak Mahindra Prime Limited 50.00 85.00 2. Guarantees Mahindra Racing UK Limited Subsidiary 18.65 18.09 Peugeot Motocycles S.A.S. Subsidiary 225.97 606.38 Sampo Rosenlew Oy Joint Venture of Company 41.41 — PF Holding B.V. Subsidiary of Associate 381.85 440.41 Note: a) Inter corporate deposits given and repaid during the year amounting to Rs. 300.61 crores (2019: Rs. 435.00 crores) were given to Mumbai Mantra Media Limited (step down subsidiary), Mahindra Airways Limited (step down subsidiary), Mahindra First Choice Services Ltd (step down subsidiary), Mahindra EPC Irrigation Limited (subsidiary), Mahindra Electric Mobility Limited (step down subsidiary), Kotak Mahindra Prime Limited & Kotak Mahindra Investment Limited. b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing obligation which have been taken for general corporate purpose. c) Refer note 6 for investments.