Mahindra Finance plans Rs 3,000 crore rights issue

Mahindra & Mahindra Financial Services' board has approved raising up to Rs 3,000 crore through a rights issue, intended for eligible equity shareholders and executed under a streamlined regulatory process. This move is not an additional offer but a fresh approval of the proposal initially announced in February 2025, aiming to support the company's growth and maintain a strong capital adequacy ratio. The rights issue will offer fully paid-up equity shares, and the company emphasized that the approval leverages the simplified rights issue framework. Mahindra Finance, a leading non-banking financial company in India, recently reported strong financial performance, with a significant year-on-year increase in both total income and profit after tax.