Mahindra Finance board has approved raising Rs 3000 crore through the rights issue. Additionally, the company said that fundraising is primarily aimed at maintaining a strong capital adequacy ratio with an eye on the company’s growth plans.
The Board of Directors approved the decision and emphasised that this is not an additional offer. Just to clarify to the readers, this is only an approval of the same proposal announced on February 13, 2025, now under the new streamlined regulatory framework.
As per an exchange filing, “the rights issue offers fully paid-up equity shares at the face value of Rs 2 each. The rights issue is offered only to the eligible shareholders of the company.”
Mahindra Finance Q3 FY25 results-
In the Q3 FY25, Mahindra Finance reported a total income of Rs 4144 crore in the Q3 of FY25. This was a 19 percent yoy increase in the income. Furthermore, the company posted a PAT of Rs 899 crore in the 3rd quarter, a 63 percent yoy increase.
Mahindra Finance is one of the leading financial services companies in India. The company has a diverse portfolio and offers services from Mutual Funds, Fixed Deposits, to Insurance broking, personal loans, SME loans, and home loans. The company has over Rs 100,000 crore in assets under management.
On Friday, Mahindra Finance share closed at Rs 262, posting a decline of 0.019 percent.