Mahindra & Mahindra Financial Services Limited has informed the Exchange about Copy of Newspaper Publication - advertisement pertaining to basis of allotment of shares under rights issue
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Awaiting price reaction for this filing.
Mahindra & Mahindra Financial Services Limited has filed copies of newspaper advertisements disclosing the basis of allotment for its recently completed rights issue. The Rights Issue Committee, at its meeting on 9th June 2025, approved the allotment of 15,44,41,240 fully paid-up equity shares (face value Rs. 2 each) at an issue price of Rs. 194 per share, which includes a premium of Rs. 192. The total issue size comes to roughly Rs. 3,000 crore. The advertisements were published on 10th June 2025 in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi), in compliance with SEBI's ICDR Regulations. Eligible shareholders and renouncees have been allotted shares on a rights basis as per the Letter of Offer.
This is a routine post-allotment regulatory disclosure, not a new corporate action. The rights issue is already complete and shares have been allotted, so this filing is procedural and unlikely to move the stock price. Investors who subscribed will see the new shares credited to their demat accounts shortly.