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Mahindra & Mahindra hikes stake in subsidiary - Mahindra & Mahindra Financial Services

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Capital Market

From 51.20% to 53.25%

Mahindra & Mahindra has agreed to subscribe to 2,50,00,000 Equity Shares of Rs.2 each of Mahindra & Mahindra Financial Services (a Listed Subsidiary of the Company) at a premium of Rs.420 per share on Preferential basis. Pursuant to the above, the shareholding of the Company in MMFSL would increase from 51.20% to 53.25%.

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First Published: Nov 30 2017 | 10:07 AM IST

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