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Mahindra Finance raises Rs 3,088.82 crore

14 Aug 2020 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised Rs 3,088.82 crore through a rights issue which was oversubscribed. The issue, which opened for subscription on July 28, was subscribed approximately 1.3 times, resulting in a demand generation of over Rs 4,000 crore.

Mahindra Finance is one of India’s leading non-banking finance companies. 

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