Money Maker Research & Investment Advisor: Mahindra Finance gets nod to raise Rs 1,055 crore

Share it

Thursday, 30 November 2017

Mahindra Finance gets nod to raise Rs 1,055 crore

Stocks focus, Best stock tips, M&M stocks, Money maker Research, Stock News,
Stocks of Mahindra & Mahindra will be in focus, on Friday

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.


  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

  2. Very good post thanks for nice sharing,we found very interesting news by this post. Great work...mcx tips