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

Mahindra & Mahindra Financial Services has announced a board meeting on May 2, 2025, approving a fresh resolution for its Rights Issue to raise up to ₹3,000 Cr. The capital raise aims to boost Tier 1 capital by over 200 bps to support strong AUM growth. MMFSL maintains focus on quality assets, keeping GS3 below 4% and credit costs under 2%, riding India's consumption momentum. Details on the issue terms and record date will be announced later.