Mahindra & Mahindra Limited — JV/Acquisition, 02-05-2025: Acquisition

Mahindra & Mahindra Ltd. has announced a board meeting on a rights issue by its subsidiary Mahindra & Mahindra Financial Services Limited (MMFSL) to raise up to Rs. 3,000 Cr. MMFSL, a leading NBFC in rural and semi-urban vehicle and SME financing with AUM of Rs. 1,15,126 Cr and a 20% AUM CAGR, plans this capital raise to strengthen its Tier 1 capital by over 200 bps. This move is aimed at fueling AUM growth and expanding its footprint in India’s emerging markets, with Mahindra & Mahindra fully backing the issue.