Mahindra & Mahindra Financial Services Limited — Board Meeting, 02-05-2025: Outcome of Board Meeting

Mahindra & Mahindra Financial Services has announced a board meeting to approve a fresh resolution for raising up to Rs. 3,000 Cr through a rights issue, reaffirming earlier plans. The fundraise aims to boost Tier 1 capital by over 200 basis points to fuel strong AUM growth, driven by demand in rural and semi-urban markets. Asset quality remains solid with GS3 below 4% and credit costs under 2%. Details on issue price and record date will be finalized soon.