Mahindra Financial Services raises Rs 1,056 crore via QIP, stock gains 2.7%

investment, mutual fund, debenture, money, growth, incomeMahindra and Mahindra Financial Services Ltd has raised Rs 1,056 crore through a qualified institutional placement (QIP) issue.
The QIP opened on November 30 and closed on December 5.Stock of Mahindra and Mahindra Financial Services closed 2.74 per cent higher at Rs 456.20 on the BSE today.

Source: Business Standard