Monday, March 03, 2025 | 03:35 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Mahindra & Mahindra Financial Services allots 61.77 cr shares under rights issue

Image

Capital Market

M&M's stake in Mahindra & Mahindra Financial Services rises to 52.16% from 51.19%

Mahindra & Mahindra Financial Services approved the allotment of 61,77,64,960 Equity Shares at a price of Rs. 50 per Equity Share (including a premium of Rs. 48 per Equity Share) under Rights Issue.

Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company stands increased from 61,77,64,960 Equity Shares to 123,55,29,920 Equity Shares. Further, the percentage of shareholding of Mahindra & Mahindra, the holding company, (the Promoter) stands increased from 51.19% to 52.16%.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 18 2020 | 9:13 AM IST

Explore News