Mahindra Finance Rights Issue dates 22 May – 6 June 2025.
Mahindra & Mahindra Financial Services is a prominent non-banking finance company in India, primarily serving the rural and semi-urban markets. The company specializes in financing both new and pre-owned vehicles, including auto and utility vehicles, tractors, cars, and commercial vehicles. Additionally, the company offers housing finance, personal loans, and financing solutions for micro, small, and medium enterprises (MSMEs). Beyond vehicle financing, Mahindra Finance also engages in insurance broking and mutual fund distribution.
The company is part of the Mahindra group, which is one of the largest business conglomerates in India. Mahindra Finance USA LLC, a joint venture between Mahindra & Mahindra Financial Services and De Lage Landen Financial Services Inc. (part of the Rabobank Group), provides wholesale inventory financing to dealers and retail financing to customers in the United States for the purchase of Mahindra tractors and utility vehicles.
Mahindra & Mahindra Financial Services has an extensive PAN-India distribution network with 1,370 offices/branches spanning 27 States and 7 Union Territories as of 31 March 2024.
Promoters of Mahindra Finance – Mahindra & Mahindra Limited
Table of Contents
Mahindra & Mahindra Financial Services Rights Issue Details
| Mahindra Finance Rights Issue Date | 22 May – 6 June 2025 |
| Mahindra Finance Rights Issue Price | INR 194 per share |
| Issue Size (in Shares) | 15,44,41,240 shares |
| Issue Size (in INR) | INR 2,996.16 crore |
| Issue Entitlement | 1 equity share for every 8 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mahindra Finance Rights Issue Record Date | 14 May 2025 |
| Face Value | INR 2 per share |
| Listing On | BSE, NSE |
Mahindra Finance Rights Issue Calculation
| Mahindra Finance Rights Issue Price | INR 194 per share |
| Market Price on Rights Issue Approval | INR 255.15 per share |
| Dilution Factor (X) | 1.13 |
| Fair Value After Dilution at Prevailing Price | INR 248.36 per share |
Mahindra Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 11,419 | 12,828 | 15,963 |
| Expenses | 4,417 | 5,094 | 6,969 |
| Financing Margin (%) | 14.0 | 24.0 | 18.0 |
| Net Income | 1,150 | 2,071 | 1,943 |
| ROE (%) | 7.0 | 12.0 | 10.0 |
Mahindra Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Augmenting the long-term capital and resources for meeting funding requirements for the company’s business activities – INR 2,250 crore
- General corporate purposes – INR 737.76 crore
Mahindra Finance Rights Offer Documents
- Mahindra Finance Rights Issue Application Form
- Mahindra Finance Letter of Offer
- Board Meeting Outcome
- Mahindra Finance Draft Letter of Offer
- Rights Issue in 2024
Mahindra Finance Rights Issue Dates
| Rights Issue Approval Date | 8 May 2025 |
| Rights Issue Record Date | 14 May 2025 |
| Credit of Rights Entitlement | 15 May 2025 |
| Rights Issue Opening Date | 22 May 2025 |
| Last Date for Market Renunciation | 3 June 2025 |
| Rights Issue Closing Date | 6 June 2025 |
| Finalization of Basis of Allotment | 9 June 2025 |
| Rights Allotment Date | 9 June 2025 |
| Credit Date | 10 June 2025 |
| Listing Date | 11 June 2025 |
Mahindra Finance Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Mahindra Finance Contact Details
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
4th Floor, A Wing, Mahindra Towers, Dr. G.M.
Bhosale Marg, P.K. Kurne Chowk, Worli, Mumbai 400018
Phone: +91 22 6652 6000
Email: [email protected]
Website: www.mahindrafinance.com
Mahindra Finance Rights Offer FAQs
What is the Mahindra Finance Rights Issue Price?
The issue price is INR 194 per share.
What is the Mahindra Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Share for every 8 Equity Shares held on the record date.
What is the Mahindra Finance Rights Issue Record Date?
The Record date is 14 May 2025.
How to Apply in Mahindra Finance Rights Offer?
The best way to apply in Mahindra Finance Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.