Mahindra & Mahindra Financial Service Rights issue from today

Mahindra & Mahindra Financial Service Rights issue has opened today for the existing shareholders.

The Rights issue will close next month on August 11, 2020. The primary objective is to enhance the capital requirements.

Price per share is Rs.50

Mahindra is raising 3000 crores + through this rights issue. Existing shareholders can subscribe to 1 share per 1 share held. that is 100% of their existing shareholding. 

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