Bengaluru, May 9 -- During Friday's trading session, shares of one of India's leading non-banking finance companies and a part of the Mahindra Group fell by 4.3 percent on BSE, after the company's Board approved rights issue worth Rs 2,996.2 crores in a 1:8 ratio.

With a market capitalisation of Rs. 30,301.3 crores, at 12:13 p.m., the shares of Mahindra & Mahindra Financial Services Limited were trading in the red at Rs. 245.25 on BSE, down by nearly 4 percent, as against its previous closing price of Rs. 255.15. The stock has delivered negative returns of around 2.5 percent in one year, and fell by over 4 percent in the last one month.

What's the News According to the latest regulatory filings on the stock exchanges, the Board of Mahin...