Mumbai, June 10 -- M&M has been allotted 8.52 crore equity shares at Rs 194 per share (including a Rs 192 premium), for a total consideration of approximately Rs 1,652 crore. The allotment includes both its rights entitlement and additional shares applied for.

Following the transaction, M&M's shareholding in MMFSL has increased from 52.16% to 52.49%. In absolute terms, the company now holds 72.96 crore shares, up from 64.44 crore shares earlier.

The rights issue committee of MMFSL approved the allotment of 15.44 crore fully paid-up equity shares of face value Rs 2 each to eligible shareholders and renouncees on 9 June 2025. The shares are expected to be credited to investors' demat accounts as per SEBI's circular dated 11 March 2025.

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