M&M Boosts Stake in MMFSL, Shares Rise to 52.49%

  Published 1 year ago

M&M invests ₹1,652 crore in MMFSL, boosting stake to 52.49% via rights issue; no related party norms apply.

  • Allotment includes 8.52 crore shares at ₹194 each, increasing holdings from 64.44 to 72.96 crore shares.
  • Rights issue approved on June 9, 2025, with shares to be credited as per SEBI guidelines by March 11, 2025.
  • M&M clarifies that MMFSL is a subsidiary, but investment doesn't trigger related party transaction regulations.
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