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.