Author: Tradeplus online Support

M&M Rights issue at 50% discount – (but check if it is really at 50% discount to CMP)

When M&M Financial Services recently announced its rights issue, there was not much of a surprise. After all, every financial service company was trying to shore up its capital base with fresh equity. The idea was two-fold. Firstly, it gives them the necessary capital buffer to expand their loan book, once normalcy is restored. Secondly,