Trilegal Advised Mahindra Finance On Landmark ₹2,996 Crore Rights Issue Under New SEBI Regime

Trilegal Advised Mahindra Finance on Landmark ₹2,996 Crore Rights Issue Under New SEBI Regime

Trilegal advised Mahindra & Mahindra Financial Services Limited, one of India’s leading non-banking financial companies (NBFCs), on its ₹2,996 crore rights issue.

The transaction is among the first rights issues in India conducted under the SEBI (ICDR) (Amendment) Regulations, 2025, marking a significant milestone following SEBI’s overhaul of the capital-raising process aimed at facilitating faster and more efficient rights offerings. It also stands as one of the largest rights issues by an NBFC in India in recent years.

The proceeds from the offering will be utilised to augment the company’s long-term capital requirements and for general corporate purposes.

The Trilegal Capital Markets team advising on the matter was led by Bhakta Patnaik (Partner) and Albin Thomas (Partner), with support from Sowmya Khandelwal (Senior Associate), and Janhavi Shah and Snehal Kaushal (Associates).

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