Announcements

As mentioned in the meeting held on 18th July 2020 with its Board of Directors, Mahindra & Mahindra Financial Services Limited (M&MFIN)has decided to issue equity shares on rights basis in the ratio of 1:1, i.e 1 Equity Share for every 1 Equity Shares held at an issue price of Rs. 50 per equity share.

The company has also fixed the Record Date as 23rd July 2020 for the purpose of determining the shareholders who will be eligible to apply for the Issue.

The Ex- date for the rights issue is 22nd July 2020

Adjustments for Options Contracts: 

1. Strike Price: The adjusted strike price can be calculated by multiplying the old strike price by the adjustment factor. 
2. Market Lot: The adjusted market lot can be calculated by dividing the old market lot by the adjustment factor.  

Adjustments for Futures Contracts: 

1. Futures price: The adjusted Futures base price can be calculated by multiplying the old Futures base price by the adjustment factor. 
2. Market Lot: The adjusted market lot can be calculated by dividing the old market lot by the adjustment factor.

To know more, read the circular here: https://bit.ly/3eSu5Mm

Note: You may see a slight deviation in c/f average price of M&MFIN because of changes in lot size and strike price due to the said corporate action.