Mahindra & Mahindra Financial Services Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The Board has announced a meeting outcome where it has approved a rights issue to raise up to ₹3,000 Crore from eligible shareholders. This capital raise is aimed at enhancing the company’s Tier 1 capital ratio by over 200 basis points, supporting growth plans linked to the strong performance of its secured asset portfolio, which has seen a 21% CAGR. The board will determine further details, including the issue price and record date, to maintain a robust capital adequacy ratio and aid in expanding its Assets Under Management (AUM).