Latest news with #Mahindra&MahindraFinancialServices
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Business Standard
13-05-2025
- Business
- Business Standard
Dividend, rights issue: Foseco India, 2 others to trade ex-date on May 14
Shares of Foseco India, Mahindra & Mahindra Financial Services, and R Systems International are expected to remain in the spotlight during today's trading session, as they will trade ex-date tomorrow, Wednesday, May 14, 2025, following their corporate announcements. Among them, Foseco India and R Systems International will trade ex-dividend, while shares of Mahindra & Mahindra Financial Services will turn ex-date following the announcement of a rights issue. According to the BSE data, chemical manufacturing company Foseco India has announced a final dividend of ₹25 per share for its shareholders. The company has set the record date for Wednesday, May 14, 2025, to determine shareholder eligibility for the dividend. IT service management company R Systems International, on the other hand, has announced an interim dividend of ₹6 per share for its shareholders, with the record date also set for Wednesday, May 14, 2025. Meanwhile, the Non-Banking Financial Company (NBFC) Mahindra & Mahindra Financial Services has announced the issuance of fully paid-up equity shares of the company, to the eligible shareholders, for an amount not exceeding ₹3,000 crore by way of Rights Issue. The Rights Entitlement ratio: 1 (one) rights equity share for every 8 fully paid-up equity shares held by the eligible equity shareholders of the company, as on the record date (eligible equity shareholders). Issue Price of ₹194 per fully paid-up equity share (including a premium of ₹192 per fully paid-up equity share). The entire issue price will be payable at the time of making the application in the issue. The NBFC has set Wednesday, May 14, 2025, as the record date to determine the shareholders who will be eligible to receive the Rights Entitlements under the Rights Issue. The ex-date refers to a trading date when a stock begins trading without the entitlement to dividends or rights issues. Thus, to qualify for these corporate actions, investors need to own the stock before the ex-date. Companies, however, declare the beneficiaries of dividends and rights issues based on the list of shareholders recorded by the end of the record date.
News18
11-05-2025
- Business
- News18
Dividend, Stock Split & Demerger: SBI, Coforge, Raymond Among 22 Shares To Trade Ex-Date This Week
Last Updated: Upcoming Dividend, Stock Split & Right Issue: Shares of Coforge, Godrej Consumer, Mahindra & Mahindra Financial Services, BEML, SBI will trade ex-date/record date this week. Upcoming Dividend Stocks: Stocks of Coforge, Godrej Consumer Products, Mahindra & Mahindra Financial Services, BEML, Manappuram Finance, Indian Energy Exchange, State Bank of India, Colab Platforms will trade ex-date for several corporate actions including dividend, stock split, demerger shareholders entitlement and right issues. Either ex-date or record date for the said corporate actions is falling this week between May 12 to May 16. Several companies have announced dividends to be disbursed in May 2025. Coforge has fixed record date for an interim dividend of Rs. 19.0000 per share on May 12, and Godrej Consumer Products Ltd has the record date on May 13, 2025 for interim dividend. IFGL Refractories Ltd will also provide an interim dividend of Rs. 6.0000 per share. Additionally, Foseco India Ltd and Mahindra & Mahindra Financial Services Ltd will issue a final dividend of Rs. 25.0000 per share and a right issue of equity shares, respectively. Raymond Ltd is planning a spin-off, and R Systems International Ltd will distribute an interim dividend of Rs. 6.0000 per share on May 14, 2025. Further, BEML Ltd and Great Eastern Shipping Company Ltd will issue interim dividends of Rs. 15.0000 and Rs. 5.4000 per share, respectively, with record date on May 15, 2025. Manappuram Finance Ltd has declared an interim dividend of Rs. 0.5000 per share, and Indian Energy Exchange Ltd will provide a final dividend of Rs. 1.5000 per share. Additional interim dividends will be distributed by Advanced Enzyme Technologies Ltd, Aptus Value Housing Finance India Ltd, Fabtech Technologies Cleanrooms Ltd, and Narmada Macplast Drip Irrigation Systems Ltd. Mrugesh Trading Ltd has announced a stock split from Rs. 10/- to Rs. 1/- per share, scheduled for May 16, 2025. Virat Leasing Ltd will also execute a stock split from Rs. 10/- to Rs. 5/- per share on the same day. Yamini Investments Company Ltd will issue rights to equity shares on May 13, 2025. Additionally, Mahindra & Mahindra Financial Services Ltd and Indra Industries Ltd will have rights issues on May 14 and 15, 2025, respectively. Unison Metals Ltd is also set to distribute rights to equity shares on May 16, 2025. Raymond Demerger Record Date Raymond Limited board approved the demerger of Raymond Realty Limited, effective from May 01, 2025. The Board of Directors of the Company has fixed Wednesday, May 14, 2025 as the Record Date for the purpose of determining the eligible shareholders of Demerged Company (RL) to whom the equity shares of the Resulting Company (RRL) would be allotted in terms of the Scheme. top videos View all First Published: May 11, 2025, 12:37 IST News business » markets Dividend, Stock Split & Demerger: SBI, Coforge, Raymond Among 22 Shares To Trade Ex-Date This Week
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Business Standard
02-05-2025
- Business
- Business Standard
M-M Finance to raise ₹3,000 crore through simplified rights issue process
The company's board on February 13, 2025, approved a fund raise of up to Rs 3,000 crore by way of rights issue to eligible shareholders, the non-banking finance company said in a regulatory filing Press Trust of India New Delhi Mahindra & Mahindra Financial Services on Friday said its board has approved to raise up to Rs 3,000 crore by way of rights issue as per the simplified process. The company's board on February 13, 2025, approved a fund raise of up to Rs 3,000 crore by way of rights issue to eligible shareholders, the non-banking finance company said in a regulatory filing. "Accordingly, to avail benefits of the same, the Board of Directors of Mahindra & Mahindra Financial Services (MMFSL) at its meeting held today have passed a fresh resolution to approve fund raise of up to Rs 3,000 crore by way of rights issue under the simplified rights issue process," the company said. Shares of the company on Friday ended 0.34 per cent up at Rs 262.45 apiece on BSE.
Time of India
02-05-2025
- Business
- Time of India
M&M Financial board reaffirms Rs 3,000 crore rights issue plan. No fresh equity offer proposed
The board of Mahindra & Mahindra Financial Services on Friday approved a Rs 3,000 crore fundraising plan by ways of rights issue to the to the eligible equity shareholders of the company. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pernas e pés inchados: Experimente isso para ajudar a drenar o fluído do edema aartedoherbalismo Undo The company has clarified that the resolution approved today by the board is not for any additional offer and issuance of equity shares but only a fresh approval for the same matter which was announced on February 13, 2025.
Time of India
28-04-2025
- Business
- Time of India
Add Mahindra & Mahindra Financial Services, target price Rs 310: ICICI Securities
ICICI Securities has maintained an add call on Mahindra & Mahindra Financial Services with an unchanged target price of Rs 310. The current market price of Mahindra & Mahindra Financial Services is Rs 265.3. Mahindra & Mahindra Financial Services, incorporated in 1991, is a Large Cap company with a market cap of Rs 32821.85 crore, operating in the NBFC sector. Mahindra & Mahindra Financial Services' key products/revenue segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4896.84 crore, up 2.03% from last quarter Total Income of Rs 4799.45 crore and up 13.01% from last year same quarter Total Income of Rs 4332.94 crore. The company has reported net profit after tax of Rs 440.33 crore in the latest quarter. The company?s top management includes Shah, Gupta, Bijapurkar, Sarwate, Mr.C B Bhave, Mungale, Nugent, Barua, Ghai, Rebello, Kumar Sharma. Company has Mukund M Chitale & Co. as its auditors. As on 31-03-2025, the company has a total of 124 Crore shares outstanding. Live Events Investment Rationale Mahindra & Mahindra Financial Services' (MMFSL) financial performance has been in-line on a full-year FY25 basis with credit cost remaining at 1.3% vs. 1.7% YoY and AUM growth at 17% YoY; however, quarterly volatility still persists. Credit cost during Q4FY25 stood at 1.4% vs. nil QoQ vs. 2.3% in Q2FY25 vs. 1.5% in Q1FY25. Management highlighted that while it marginally missed guidance on parameters, specifically on NIM (6.5%, as on Mar'25) and RoA (1.9% as on Mar'25), it believes both are set to improve from hereon. Further, it expects credit cost to remain within 1.3-1.7% in the medium to long-term and mid to high-teen AUM growth during the same period. Maintain ADD, with an unchanged target price of Rs 310, valuing at 1.6x on Sep'26E BVPS (roll-over from Sep'25E). Promoter/FII Holdings Promoters held 52.16 per cent stake in the company as of 31-Mar-2025, while FIIs owned 10.68 per cent, DIIs 21.07 per cent.
