Mahindra & Mahindra shares dropped 2% after it announced its subsidiaries will raise up to Rs 4,500 crore through rights issues. MMFSL aims to raise Rs 3,000 crore, while MLDL targets Rs 1,500 crore, with M&M fully subscribing to its rights entitlement.
Jio Financial Services to invest Rs 1,000 crore in Jio Finance
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through