IPO & listingCNBC-TV18
M&M to invest up to ₹1,450 crore in SML Mahindra rights issue
Positive+132 sources
GreyOak summary
Mahindra & Mahindra approved an investment of up to ₹1,450 crore in a proposed rights issue of its subsidiary, SML Mahindra. The investment includes a subscription of ₹855 crore for full entitlement and up to ₹595 crore for additional shares.
What it affects
- SML MahindraSMLMAHPositive +13
Proposed rights issue of upRolling sentiment Neutral +7
- Mahindra & MahindraM&MPositive +11
Investing up to ₹1,450 croreRolling sentiment Positive +47
Source
Read the original at CNBC-TV18More SML Mahindra news
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