Nov 15, 2012, 09.51 AM | Source: Moneycontrol.com
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.
The company reported a subdued quarter with 2.25 p
Company's consolidated net profit stood at Rs 107.
Mahindra and Mahindra Financial Services disappoin
Earnings missed analysts' expectations as profit w
Key things to watch out for would be asset quality