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 has completed the allotment of 15.44 crore equity shares under its Rights Issue, approved by the Rights Issue Committee on 9th June 2025. The shares were allotted at Rs. 194 per equity share (face value Rs. 2, premium Rs. 192) to eligible shareholders and renouncees, taking the total issue size to roughly Rs. 3,000 crore. As required by SEBI's ICDR Regulations, the company published the basis of allotment advertisement in three newspapers on 10th June 2025 — Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi). The intimation has also been uploaded on the company's investor relations website.
This is a routine post-allotment disclosure rather than new news — shareholders who subscribed have been formally allotted their shares. The Rights Issue is now effectively closed from the company's side; minor share price movement may follow as subscription and dilution are fully priced in.