Mahindra & Mahindra Financial Services has informed that subsequent to the approval accorded by the Board of Directors at its meeting held on 1st November, 2017, and approval by Shareholders for the Preferential Allotment at the Extraordinary General Meeting held today i.e., 29th November, 2017, the Securities Issue Committee (the Committee) of the Company at its Meeting held today, approved issuance of 25,000,000 Equity Shares of face value of Rs 2 each at a price of Rs 422 each aggregating to Rs 1,055 crore, to Mahindra & Mahindra Limited, the holding company (the Promoter).
The above information is a part of company’s filings submitted to BSE.
