The Mahindra Finance Rights offering starts on July 28 and ends on August 11, 2020. It is a price rights offering of Rs 3088.82 crore from a non-banking financial business.
The company has an established reputation in the auto industry, offering new and used vehicle financing for cars, three-wheelers, tractors, and commercial vehicles. The company has issued 61,77,64,960 equity shares, each with a face value of Rs 2. The share price is Rs 50 per share. The record date for this rights issue is July 23, 2020, and the ratio is one share for every one share held by the company’s eligible equity shareholders on that day. Mahindra Financial posted a net profit of Rs 156 crore, up from Rs 68 crore in the same quarter previous year. Check out the issue
dates, price band, issue size, listing, and allotment information for Mahindra & Mahindra Financial Rights.
Mahindra Financial Rights Issue Review:
- Apply
Mahindra & Mahindra Financial Rights Issue Date & Price Band:
Issue Open: | 28 July 2020 |
Issue Close: | 11 August 2020 |
Issue Size: | Approx ₹3088.83 Crore (Approx) |
Face Value: | ₹2 Per Equity Share |
Price Band: | ₹50 Per Share |
Listing on: | BSE NSE |
Ratio: | 1:1 |
Equity: | 61,77,64,960 Shares |
Mahindra Finance Rights Issue Allotment & Listing:
Basis of Allotment: | 20 August 2020 |
Date of Allotment (ON OR ABOUT) | 21 August 2020 |
Credit to Demat Account: | 25 August 2020 |
Listing Date: | 27 August 2020 |
M&M Rights Issue Form & How to Apply:
How to apply the Mahindra & Mahindra Financial rights issue? –> You can apply Mahindra Financial rights issue on official website available. The other option you can apply Mahindra Financial rights issue via forms download on NSE Forms & BSE Forms blank forms download, fill and submit in your bank or with your broker.
Company Address:
Mahindra & Mahindra Financial Services Ltd.
Mahindra Towers, 4th Floor,
Dr. G. M. Bhosale Marg, Worli,
Mumbai 400 018 India
Tel: +91 22 66526000
Fax: +91 22 24984170
+91 22 24984171
Mahindra Finance Rights Issue Lead Managers:
- Kotak Mahindra Capital
- Axis Capital
- BNP Paribas
- Citigroup Global Markets
- SBI Capital Markets