New Delhi, Feb. 13 -- The board of non-banking finance company, Mahindra & Mahindra Financial Services, on Thursday, February 13 approved raising Rs.3,000 crore by way of rights issue of shares to the eligible shareholders of the company.

"The Board of Directors of the Company, at its meeting held today i.e. on February 13, 2025, has interalia considered and approved fundraising by way of offer and issuance of fully paid-up equity shares of the company of face value of 2/- each for an amount not exceeding Rs.3,000 crore by way of a rights issue to the eligible equity shareholders of the company as on the record date," M&M Financial Services said in an exchange filing today.

The company will communicate the record date at a future date....