Mahindra Finance gains on entering into tie-up with Toyota Kirloskar Motor

  Mahindra & Mahindra Financial Services is currently trading at Rs. 201.60, up by 3.05 points or 1.54% from its previous closing of Rs. 198.55 on the BSE.

        The scrip opened at Rs. 198.40 and has touched a high and low of Rs. 202.05 and Rs. 198.40 respectively. So far 6,996 shares were traded on the counter.

         The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 244.80 on 03-Jan-2013 and a 52 week low of Rs. 120.49 on 14-Jun-2012.

          The current market cap of the company is Rs. 11,466.00 crore.

          The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 42.73% and 5.06% respectively.

          Mahindra & Mahindra Financial Services (Mahindra Finance) has tied up with auto maker Toyota Kirloskar Motor (TKM) to offer retail finance to its customers to purchase vehicles. Both the companies have inked a memorandum of understanding (MoU) for the same.

         Pursuant to this MoU, Mahindra Finance will be one of the preferred financiers for the entire range of vehicles sold by TKM. Mahindra Finance’s wide network of over 640 offices and customer presence in more than 150,000 villages across India gives the company an edge in reaching out to the deepest parts of the country.

         Mahindra & Mahindra Financial Services, part of the $15.9 billion Mahindra Group, is one of India’s leading non-banking finance companies with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for vehicles and tractors and has the largest network of branches amongst NBFCs operating in these areas.[via]

====================================================================================

You can Contact us for trading Commodity, Equity, Stocks and futures. We are the leading brand in providing accurate trading tips with high accuracy. We offer Investment Planning, Money Management and Paid Consultancy too. 

Complete Broker Franchise available here. Get registered for free trials for any trade you want. Call us for more details and amazing offers for traders. Join us and become a professional trader.  

Mob: 9872444433, Landline: 0161-4413274, 0161-4621433 

=======================================================================================================

Posted in: commodity news,market news,trading news