Mahindra Finance gets board nod for $463m rights issue

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By Jonathan Breen
02 Jun 2020

The board of directors at Mahindra and Mahindra Financial Services has approved plans for a potential Rp35bn ($463.5m) rights issue.

The board gave the go-ahead for the fundraising at a meeting on May 29, according to a stock exchange filing by the company. The firm's rights issue committee has since began preparing the deal. 

Mahindra Finance’s board also agreed to increase the company’s authorised share capital. It will ...

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