Thursday, 30 November 2017

Mahindra Finance gets nod to raise Rs 1,055 crore


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Mahindra & Mahindra Financial Services Limited, one of the  leading non-banking finance companies, announced that the company has approved to issue 2,50,00,000 Equity Shares of face value of Rs. 2.00 each at a price of Rs. 422.00 each aggregating to Rs 1,055 crore to Mahindra & Mahindra (M&M), the holding company (the Promoter).

Following this allotment, the paid-up share capital of Mahindra & Mahindra Financial Services Limited stands increased from 56,87,64,960 equity shares to 59,37,64,960 and the percentage shareholding of Mahindra & Mahindra stands increased from 51 percent.

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2 comments:

  1. IL&FS Engineering wins Rs 582 Cr road contract in Maharashtra. Stock spurts 5%.
    M&M Financial Services hits record high on fund raising via QIP. Stock rises 4%.
    Commodity tips

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