Mahindra & Mahindra Financial Services Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2025, has decided to issue equity shares on rights basis in the ratio of 1 : 8, i.e 1 Equity Shares for every 8 Equity Shares held. Issue Price is Rs. 194 per share.
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Mahindra & Mahindra Financial Services has finalised the terms of its rights issue, with the board approving the proposal on 8th May 2025. Eligible shareholders will get 1 equity share for every 8 shares held at Rs. 194 per share, including a premium of Rs. 192 over the Rs. 2 face value. The total issue size is up to Rs. 2,996 crore, comprising 15.44 crore new shares, taking the total post-issue share count to 138.99 crore. The record date is 14th May 2025, the issue opens on 22nd May 2025, and closes on 6th June 2025. Shareholders can also renounce their rights entitlements via on-market or off-market routes before the deadline.
Existing shareholders will need to decide whether to invest additional capital to maintain their stake or let their rights entitlements lapse. The issue price of Rs. 194 is at a premium to market, so subscription economics depend on the prevailing share price and the company's growth outlook as an NBFC raising capital.