The Hindu Business Line : M&M Financial plans pref issue

MUMBAI: Mahindra and Mahindra Financial Services Ltd will issue 40 lakh equity shares on a preferential basis to foreign institutional investors and other domestic investors at a premium.

In an announcement to the BSE on Tuesday, the company said the shares of face value of Rs 10 will be issued at a premium in the band of Rs 160 to Rs 200 in one or more tranches to FIIs, banks, mutual funds, venture capital funds, pension funds and other investors.

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