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Mahindra Finance gets nod to raise Rs 1,055 crore

Mahindra & Mahindra Financial Services has received an approval to issue 2,50,00,000 Equity Shares of face value of Rs 2 each at a price of Rs 422 each aggregating to Rs 1,055 crore, to Mahindra & Mahindra, the holding company (the Promoter). The Securities Issue Committee of the company at its Meeting held on November 29, 2017, approved the same.

Mahindra & Mahindra Financial Services is one of India's leading non-banking finance companies.

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