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Mahindra Finance moves up on inking pact with DLL to extend long-standing U.S. joint venture

11 Mar 2022 Evaluate

Mahindra & Mahindra Financial Services is currently trading at Rs. 145.25, up by 1.10 points or 0.76% from its previous closing of Rs. 144.15 on the BSE.

The scrip opened at Rs. 142.20 and has touched a high and low of Rs. 145.65 and Rs. 141.75 respectively. So far 96797 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 220.55 on 22-Mar-2021 and a 52 week low of Rs. 127.95 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 148.35 and Rs. 127.95 respectively. The current market cap of the company is Rs. 17958.43 crore.

The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 34.62% and 13.23% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) has entered into agreement with DLL, a global financial solutions provider and fully-owned subsidiary of the Rabobank Group, to extend their long-standing U.S. joint venture. The joint venture, under the name Mahindra Finance USA, offers retail and wholesale financing in the United States for Mahindra Ag North America (MAgNA), which assembles and distributes tractors, side-by-sides, and implements in North America. DLL and MMFSL bring more than 60 years of combined experience in financial services and equipment lending.

Along with the joint venture agreement, Mahindra Finance USA and MAgNA have agreed to an extension of their Program and Support Agreement for retail and wholesale financing in the U.S.

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

Mah & Mah Finl. Serv Share Price

299.75 2.45 (0.82%)
17-Apr-2026 16:59 View Price Chart
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