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Nov 15, 2012, 09.51 AM IST | Source: Moneycontrol.com

M&M Financial falls 3.4% on equity dilution via QIP

Mahindra & Mahindra Financial Services fell as much as 3.4 percent intraday to hit a low of Rs 931.95 on Tuesday on the back of equity dilution for raising funds.

Mahindra & Mahindra Financial Services fell as much as 3.4 percent intraday to hit a low of Rs 931.95 on Tuesday on the back of equity dilution for raising funds.

The company has raised Rs 866.80 crore via qualified institutional placement of 97.5 lakh equity shares at Rs 889 a share, well below the current market price.

At 16:38 hours IST, the stock declined 2 percent to Rs 945.90 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 9,837.62 crore.

M&M Financial stock price

On August 22, 2014, Mahindra & Mahindra Financial Services closed at Rs 279.45, down Rs 0.4, or 0.14 percent. The 52-week high of the share was Rs 355.90 and the 52-week low was Rs 229.50.


The company's trailing 12-month (TTM) EPS was at Rs 14.96 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.68. The latest book value of the company is Rs 89.58 per share. At current value, the price-to-book value of the company is 3.12.

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