Mahindra Finance Rights Issue dates are not finalized.
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 | Coming soon |
| Mahindra Finance Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 3,000 crore |
| Issue Entitlement | NA equity shares for every NA equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mahindra Finance Rights Issue Record Date | Coming soon |
| Face Value | INR 2 per share |
| Listing On | BSE, NSE |
Mahindra Finance Rights Issue Calculation
| Mahindra Finance Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR 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
- Repayment/ prepayment of certain outstanding borrowings availed by the company
- Augmenting the long-term capital and resources for meeting funding requirements for the company’s business activities
- General corporate purposes
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 | 13 February 2025 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Mahindra Finance Rights Offer Lead Manager
NUVAMA WEALTH MANAGEMENT LIMITED
801-804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East,
Mumbai – 400 051
Phone: +91 22 4009 4400
Email: mmfslrightsissue@nomura.com
Website: www.nuvama.com
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: mahindra.rights@kfintech.com
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: investorhelpline_mmfsl@mahindra.com
Website: www.mahindrafinance.com
Mahindra Finance Rights Offer FAQs
What is the Mahindra Finance Rights Issue Price?
The issue price is INR per share.
What is the Mahindra Finance Rights Issue entitlement ratio?
The eligible shareholders are offered NA Equity Shares for every NA Equity Shares held on the record date.
What is the Mahindra Finance Rights Issue Record Date?
The Record date is Coming soon.
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.