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Mahindra & Mahindra Financial Services Ltd. ( ($IN:M&MFIN) ) just unveiled an update.
Mahindra & Mahindra Financial Services Limited announced that its Board of Directors approved a rights issue to raise up to Rs. 3,000 Crore. This initiative aims to strengthen the company’s capital adequacy ratio and support its growth plans to increase its Assets Under Management (AUM). The decision reflects the company’s proactive approach to maintaining financial health and supporting its expansion strategies.
More about Mahindra & Mahindra Financial Services Ltd.
Mahindra & Mahindra Financial Services Limited operates in the financial services industry. It primarily offers a range of financial products including loans, insurance, and investment services, with a focus on rural and semi-urban markets in India.
YTD Price Performance: 5.98%
Average Trading Volume: 60,322
Current Market Cap: 364.7B INR
For detailed information about M&MFIN stock, go to TipRanks’ Stock Analysis page.