Mahindra Finance gains on getting nod to launch co-branded credit cards with RBL Bank
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Mahindra & Mahindra Financial Services is currently trading at Rs. 276.35, up by 3.45 points or 1.26% from its previous closing of Rs. 272.90 on the BSE.
The scrip opened at Rs. 272.90 and has touched a high and low of Rs. 276.75 and Rs. 272.00 respectively. So far 33323 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 342.90 on 27-Sep-2024 and a 52 week low of Rs. 243.90 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 276.75 and Rs. 259.35 respectively. The current market cap of the company is Rs. 34100.63 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 41.76% and 6.08% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has received necessary approvals from the Reserve Bank of India to launch co-branded credit cards in association with RBL Bank, one of India’s leading private sector banks. These co-branded cards will be specifically designed to cater to a broad spectrum of Mahindra Finance’s customer base, offering enhanced benefits, loyalty programs, and milestone rewards.
Through this co-brand partnership Mahindra Finance aims to tap into the growth potential, aligning with the adoption of e-commerce and technological advancements seen even in non-metro locations.
Mahindra & Mahindra Financial Services is one of India’s leading non-banking finance companies.
