Outcome of Rights Issue Committee Meeting- Allotment of Equity Shares pursuant to Rights Issue
Awaiting price reaction for this filing.
Mahindra & Mahindra Financial Services Limited has allotted 15,44,41,240 fully paid-up equity shares (face value Rs. 2 each) under its Rights Issue at an issue price of Rs. 194 per share, including a premium of Rs. 192. The Rights Issue opened on 22nd May 2025 and closed on 6th June 2025, with allotment approved by the Rights Issue Committee on 9th June 2025. Post-allotment, the company's paid-up equity share capital has increased from 123,55,29,920 shares to 138,99,71,160 shares, representing a dilution of about 12.5%. Promoter Mahindra & Mahindra Limited's shareholding has marginally risen from 52.16% to 52.49%, indicating strong promoter participation.
This is the formal completion of a previously announced rights issue, so the share count increase was already expected by the market. No major surprise is likely, though the shares allotted will begin trading shortly, adding to the float.