Mahindra & Mahindra Financial Services Limited has informed the Exchange about Copy of Newspaper Publication
M&MFIN · price
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Mahindra & Mahindra Financial Services Limited has published newspaper advertisements on May 19, 2025, in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi), informing eligible shareholders about its upcoming Rights Issue. The rights issue, approved by the Board on May 2 and May 8, 2025, aims to raise up to INR 2,996.16 crores by offering equity shares to eligible shareholders. The issue opens on Thursday, May 22, 2025, and closes on Friday, June 6, 2025, with the last date for on-market renunciation set as Tuesday, June 3, 2025. The record date is May 15, 2025, and the entitlement ratio is 6 Rights Equity Shares for every 7 Equity Shares held. KFin Technologies Limited is the registrar to the issue.
Eligible shareholders of M&M Financial Services as of the record date (May 15, 2025) will receive rights entitlements and can subscribe to new shares, renounce, or trade them. The capital raise of up to ~INR 2,996 crores may dilute existing shareholdings, while the discounted rights price offers existing shareholders an opportunity to increase their stake. Shareholders should review the Letter of Offer and consider their subscription or renunciation options before the deadlines.