Mahindra Finance re-approves INR 3,000 crore rights issue

** Mahindra & Mahindra Financial Services (MMFSL) has announced a re-approval of its plan to raise capital through a rights issue, leveraging recent changes in regulations by the Securities and Exchange Board of India (SEBI). Initially approved on February 13, 2025, the plan to raise up to INR 3,000 Crore by issuing equity shares to existing shareholders is now being pursued under the "new simplified regulations" of SEBI. These regulations, effective from March 3, 2025, streamline the rights issue process, making it more time and cost-efficient.