Outcome of Rights Issue Committee Meeting- Allotment of Equity Shares pursuant to Rights Issue.
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Mahindra & Mahindra Financial Services Limited has completed its Rights Issue, which opened on 22nd May 2025 and closed on 6th June 2025. The company has allotted 15.44 crore fully paid-up equity shares of Rs. 2 face value at an issue price of Rs. 194 per share (including a premium of Rs. 192 per share), raising approximately Rs. 3,000 crore. As a result, the paid-up share capital has increased from 123.55 crore shares to 139 crore shares. Promoter Mahindra & Mahindra Limited's stake has risen marginally from 52.16% to 52.49%, indicating the promoter participated in the rights issue.
The share capital has expanded by about 12.5% through this rights issue, which may lead to short-term dilution for non-participating shareholders. The modest increase in promoter holding suggests the parent company supported the issue, which is generally seen as a positive signal of confidence.