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Mahindra Finance plans INR 3,000 crore rights issue
February 21, 2025 at 08:59 AM UTC•By FilingReader AI
Mahindra & Mahindra Financial Services (MMFSL) announced its Board of Directors have approved raising up to ₹3,000 crore through a rights issue of equity shares. The capital infusion aims to maintain a robust capital adequacy ratio, supporting the company's growth plans and asset under management (AUM) expansion. The issue will augment the Company's Tier 1 Capital by over 200 bps, enabling growth aspirations for the coming years.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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Supplementary Source Documents
Board of Mahindra & Mahindra Financial Services Limited approves Fund Raising through Rights Issue of Equity Shares up to Rs. 3000 crore.February 13, 2025 at 06:09 AM UTC
Board of Mahindra & Mahindra Financial Services Limited has approved Fund Raising through Rights Issue of Equity Shares for an amount up to Rs. 3000 croreFebruary 13, 2025 at 06:19 AM UTC
BSE:M&MFIN•Bombay Stock Exchange
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