Mahindra & Mahindra shares tumble 2% after board approved Rs 4,500 crore rights issue plan

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.

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