Tuesday, August 04, 2020

Mahindra Finance Rights Issue - Dates, How to Apply, Price Band, Allotment Details

Mahindra & Mahindra Financial rights issue is already opened on July 28 and will close on August 11, 2020. It is Rs 3088.82 crore price rights issue from Non-banking financial company. Company have good position in the auto sector, also providing new and pre-owned vehicle finance for cars, three wheeler, tractors and commercial vehicles. The company has issued 61,77,64,960 equity shares  face value of Rs 2 each share. The price of the share is Rs 50 per shares. July 23, 2020 is the record date for this rights issue and Ratio 1 shares for every 1 shares held by the eligible equity shareholders of the company on record date. Mahindra Financial got the strong result as reported net profit of Rs 156 as against Rs 68 crore in last year same quarter. Checkout Mahindra & Mahindra Financial rights issue dates, price band, issue size, listing and allotment details. 

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.

Quick Links:

M&M Letter of Offer
Draft Prospectus Board Meeting

Mahindra Finance Rights Issue Allotment Status:

Check Mahindra & Mahindra Financial rights issue on Kfintech website allotment URL. Click Here

Mahindra Finance Rights Issue Lead Managers:

  • Kotak Mahindra Capital
  • Axis Capital
  • BNP Paribas
  • Citigroup Global Markets
  • SBI Capital Markets

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