The rights issue of Mahindra & Mahindra Financial Services (Mahindra Finance) has been subscribed nearly 1.3 times. The issue saw a demand for over Rs 4,000 crore worth of shares against its offer size of Rs 3,088.82 crore.


Khaitan & Co advised Mahindra & Mahindra Financial Services Ltd led by a team of partnersAbhimanyu Bhattacharya and Aditya Cheriyan, and lawyersOishik Bagchi, Devarshi Mukhopadhyay and Raghav Bhatia.

Cyril Amarchand Mangaldas acted for the lead managers, Kotak Mahindra Capital Company, Axis Capital, BNP Paribas, Citigroup Global Markets, HDFC Bank, HSBC Securities and Capital Markets (India), ICICI Securities, Nomura Financial Advisory and Securities (India) and SBI Capital Markets.

Sidley Austin acted as international legal counsel to Mahindra & Mahindra Financial Services Ltd.


Deal value: USD 418 million

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