The share price of Mahindra & Mahindra drops 6% as the company prepares to invest in the rights issue of its listed subsidiaries.

Stock Market Today: Following its announcements about investment in the proposed rights issue of Mahindra & Mahindra Financial Services Limited and Mahindra Lifespace Developers Limited, its listed companies, the share price of Mahindra & Mahindra fell more than 6% in morning sessions on Friday. Affiliates

Stock Market Today: During Friday morning trading, the price of Mahindra & Mahindra's shares fell by about 6%. The company has stated that it will be subscribing to the ₹4500 Crore rights issue plans it had previously announced for its subsidiaries, Mahindra & Mahindra Financial Services and Mahindra Lifespace Developers.

Changes in the share price of Mahindra & Mahindra

The share price of Mahindra & Mahindra opened Friday at ₹2820 on the BSE, which was little less than the closing price of ₹2840. However, during Friday's intraday trading, the price of Mahindra & Mahindra's shares fell even further, hitting intraday lows of ₹2653.25, representing a drop of over 6%.

With a significant market correction, the price of Mahindra & Mahindra's shares has been declining from its one-year high or 52-week high of ₹3276.30, which was recorded in February 2025. However, on Friday, the price of Mahindra & Mahindra's stock saw strong downward pressure.

Announcements and investment plans are released by M&M Rights.
On February 20, after market hours, Mahindra & Mahindra revealed its intentions to invest in the proposed rights issue of its listed subsidiaries, Mahindra & Mahindra Financial Services Limited and Mahindra Lifespace Developers Limited.

On February 13, 2025, Mahindra & Mahindra announced that the Board of Directors of Mahindra & Mahindra Financial Services Limited, a publicly traded subsidiary of the company, had approved the rights issue of equity shares to raise up to Rs. 3,000 Crores (Rupees Three Thousand Crores).

The Board of Directors of Mahindra Lifespace Developers Limited, a publicly traded subsidiary of the company, has approved the issuance of equity shares with the right to raise up to Rs. 1,500 crores (Rupees One Thousand Five Hundred Crores).