Mahindra & Mahindra Financial Services has received an approval to raise funds by way of issue of equity shares or convertible securities subject to receipt of necessary approvals, if any, for an amount not exceeding Rs 2,250 crore through any permissible mode as may be considered appropriate. The board of directors at their meeting held on October 6, 2017, has approved for the same.
Mahindra & Mahindra Financial Services, part of the Mahindra Group, is one of India’s leading non-banking finance companies